MarkitSERVConnectivity

MarkitSERV connects trading counterparties, execution venues, dealers, prime and clearing brokers, asset servicers, clearinghouses and trade repositories, helping market participants to streamline trade processing workflows across asset classes and meet regulatory obligations.

Customers

  • Asset managers
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  • Hedge funds
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  • Pension funds
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  • Asset services
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  • Dealers
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  • Interdealer brokers
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  • Prime brokers
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  • Futures commission merchants
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  • Execution venues

Statistics

  • 13+clearinghouse connections
  • 2k+customers, including sellside firms, buyside firms and execution venues

Webcasts

Replay

EMIR Reporting Webcast Replay

11 Jun 2013

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Product Summary

New trading, clearing and reporting venues and evolving regulations for OTC derivatives trading demand greater connectivity and more complex trade workflow.

MarkitSERV’s unparalleled industry connectivity connects all participants for efficient counterparty access, increased processing efficiency, reduced operational risk, greater transparency and trading certainty.

    Confirmation

    MarkitSERV provides seamless links between counterparties for efficient trade matching, affirmation and execution of trade date legal confirmations.

    Buyside customers access MarkitSERV's confirmation services through a single portal, affirming trades through simple point-and-click screens.

      Clearing

      MarkitSERV connects to all major clearinghouses for voluntary and mandatory clearing of OTC trades, across all asset classes, including FX NDF clearing (dealer and client) to new FX clearinghouses. By submitting trades for clearing through MarkitSERV, participants greatly reduce the cost and effort required to built and maintain direct connections to multiple clearinghouses.

      MarkitSERV maintains bespoke interfaces to each clearinghouse by providing customers with efficient access to multiple clearinghouses without the burden of supporting multiple differing and evolving connections.

        Reporting

        A single connection to MarkitSERV helps customers satisfy new and evolving regulatory reporting obligations for cleared and non-cleared OTC transactions, including EMIR and Dodd-Frank reporting requirements.

        By connecting to MarkitSERV, customers do not need to build, deploy and maintain connectivity to multiple trade repositories.

        Trades processed for confirmation and clearing can be routed seamlessly to designated trade repositories to fulfill new regulatory reporting obligations. Regulatory reporting is also supported for transactions where only one party is connected to MarkitSERV.

          Straight-through processing (STP)

          MarkitSERV connects trading counterparties with global FX execution venues and other destinations, providing a single channel for trade notifications across multiple venues. It moves FX trade notifications seamlessly to internal and third-party middle and back office applications for post trade processes, offering realtime STP for the efficient management of post trade workflow.

          MarkitSERV can deliver the details of executed trades in customer-specified formats, providing support for industry standards, including FIX and FpML.

            Key Benefits

            • Efficiency

              Remove the need to develop and maintain connectivity to multiple trade counterparties, execution venues, prime brokers, clearing brokers, clearinghouses and trade repositories

            • Transparency

              Realtime visibility and tracking of confirmation, clearing and reporting statuses, with configurable reports generated at trigger points in workflow

            • Cost effective

              Single future-proofed connectivity to multiple counterparties and processing destinations, as well as resource efficiency through streamlined, automated end-to-end trade processing

            • Reduced risk

              Process automation with minimal manual intervention, significantly reducing errors and reconciliation rates

            Demo

            • MarkitSERV Clearing Demo

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            Press Releases

            • Sep 14 2016

              IHS Markit names Jane Hamilton to FX business development team

              View