MarkitSERV, an over-the-counter post-trade platform, will continue to provide trueEX the same service and workflows it provides similar venues to process trades, trueEX confirmed in a statement on the agreement.
trueEX also confirmed it will also now offer its customers the choice of processing their trades to clearing through trueEX or through MarkitSERV.
A spokesperson for trueEX said: “This means that it is now business as usual for trueEX.”
The dispute, which surfaced in May, involved trueEX filing an anti-competition action against Markitserv, accusing it of cutting it out of the market.
According to trueEX, Markitserv terminated their long-running trading relationship due to trueEX’s unwillingness to allow IHS Markit to manage its post-trade processes.
It was alleged that Markitserv’s decision to cut ties with trueEX comes in response to trueEX’s launch of its own post-trade service provider truePTS in December 2015, which ate into MarkitSERV’s market share.