Jefferies Group, a US-based investment bank, has joined Markit Collaboration Services, the open messaging network initiative developed by Markit.
Markit Collaboration Services will allow financial professionals to communicate and share information across communication platforms.
The addition of Jefferies will expand Markit’s network by almost 4,000 individual users on the network and directory.
The Collaboration Service will enable clients to view availability, send instant messages, use video and chat and also create interoperability among messaging systems and provides the central directory for the financial markets.
Marty DeMonte, managing director and chief information officer at Jefferies, said: "With Markit’s network we are giving our team another tool with which to communicate and do business with clients. The innovation here is that we are not adding software to our platforms, but rather extending the capabilities of our existing messaging systems."
Andrew Eisen, managing director and head of Collaboration Services at Markit, said: "With Collaboration Services, firms like Jefferies have expanded ability to communicate with customers regardless of what messaging technologies they have in place.
"We provide a seamless communication link that bridges the front, middle and back offices and makes it easier for people in the financial industry to work efficiently with one another," Eisen added.