Vendor e-FX initiative of the year: MarkitServ

Keith Tippell at MarkitServ

Since it launched in March this year, LCH.Clearnet's ForexClear platform has cleared a notional volume of $50 billion in foreign exchange non-deliverable forwards (NDF), constituting more than 4,000 tickets.

While that is an impressive volume for an industry that has never previously cleared over-the-counter products – and due credit should be given to ForexClear and its 14 clearing members – this year's award for e-FX initiative award goes to MarkitServ, which has delivered the crucial

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