MarkitSERV > MarkitSERV FXTrading Technology

MarkitSERV FX Trading Technology delivers flexible solutions to manage the cost and complexity of trading in today’s fragmented FX market. With consolidated venue connectivity and a flexible eFX platform to manage pricing, execution and hedging workflows, Markit can help create the FX solution you need.

Customers

  • Banks
  • |
  • Brokers
  • |
  • Exchanges
  • |
  • Execution venues

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Product Summary

Recognising that one size does not fit all, Markit’s FX Trading Technology is based on a modular, highly customisable platform that enables customers to combine the broadest market connectivity with tailored FX workflows. Together, they provide the flexibility and differentiation you need to stay competitive in today’s eFX market.

  • eFX Platform

    Markit’s RefleX platform provides banks with a flexible toolkit of eFX modules that can be configured and customised to deliver seamless enhancement to an existing bank platform, or as an end to end solution for the complete eCommerce workflow, managing pricing, distribution, execution and hedging across multi-bank venues, client portals and API customers.

  • Connectivity

    With new trading venues emerging at an unprecedented rate and the established ECNs evolving fast in response to new regulations, managing trading connectivity is becoming an increasing drain on resources for many FX market participants. Markit’s un-paralleled range of pre-built trading interfaces, coupled with class leading infrastructure and flexible integration logic, provides a one-stop solution for institutions looking to expand their trading connectivity and reduce ongoing management overheads.

Key Benefits

  • Reduced connectivity cost and fast time to market

    Turn-key, co-located trading connectivity to more than 30 major FX market venues, as well as direct connections to global and regional counterparties.

  • Strategic flexibility

    Highly customisable workflows and flexible integration with in-house and 3rd party systems, combine with a completely neutral approach to venue and counterparty connectivity.

  • Real-time Business Intelligence

    Configurable, real time surveillance monitoring and reporting tools provide valuable insight into trading and infrastructure.

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Key Features

  • Liquidity sourcing
  • Price construction
  • Rate management
  • Custom spreading
  • Price distribution
  • Execution management
  • Hedging

Industry Insight

  • Ripping off the Band-Aids in FX post trade

    Now is the time to deploy modern FX post trade systems that are suited to an innovative, electronic market. The benefits of making the change far outweigh the risk. While new community-based approaches should be adopted to solve industry-wide challenges, there is ample opportunity for firms differentiate themselves through proprietary post trade technology.

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  • Overcoming fragmentation in the FX market

    Over the last decade fragmentation has become the defining characteristic in the global FX market. At the same time, growing volumes, changing regulation and radically lower thresholds for risk elevate the need for participants to optimise post trade technology infrastructure. The next step for the industry is to integrate with new centralised infrastructure that makes trade lifecycle management more efficient.

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  • FX clearing: what’s next?

    While regulators have paused their drive to require clearing of NDFs, the volume of FX derivatives voluntarily cleared by the industry is increasing. This comes amid a push to streamline post trade processes to reduce costs, complexity and operational risk. New infrastructure can help the industry scale for growth, improve resiliency and prepare for the day when clearing is mandatory.

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  • Defining the new FX post trade paradigm

    Over the last decade the foreign exchange market has experienced record growth in trade volume. Innovation in trade execution, the introduction of prime brokerage services and the entry of new participants trading a wider range of products have transformed FX derivatives markets. Post trade systems now need a similar transformation to keep pace with these and other fundamental changes.

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Video

Changing the way the FX market operates: FX options exercise