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| Realize your OTC derivative trade processing solution in one platform that links all market participants to you. Using MarkitSERV, electronically confirm and automate your trades to simplify trade life-cycle events, manage complex workflows, reduce risk and improve operational efficiency for all asset classes of OTC derivatives. |
| MarkitSERV Services |
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| MarkitSERV offers real-time connectivity that standardizes complex post-trade workflows for trade confirmations and clearing on T+0. Advanced workflow tools allow you to confirm and clear on trade date which significantly reduces operational costs, while at the same time mitigates risk beyond market risk. The service increases your ability to track trades electronically through notifications, enabling you to easily manage trade flows across life-cycle events, asset classes and third party processing platforms. MarkitSERV is your vehicle to meet and exceed the growing regulatory commitments for timely trade confirmation, and quickly and easily implement market best practices. |
MarkitSERV offers key services for multi-asset class OTC derivatives:
- electronic confirmation for fixed income, credit, equity and FX OTC derivatives on trade date (MarkitSERV MarkitWire and MarkitSERV DSMatch)
- straight-through processing (STP) to internal systems and third-party platforms
- position reconciliation and valuation comparison tools to consolidate post-trade reporting (MarkitSERV PortRec)
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One broker-dealer solution
- Electronically confirm and deliver trade confirmation on T+0.
Real-time execution with instant resolution through online chat ensures trade details are captured accurately, and trades are legally confirmed and cleared within minutes of execution. Instant online chat facilitates catching trade errors immediately and enables resolution before impacting your P&L. - Complex workflow solutions with one integrated platform.
A single link to all counterparties provides a reliable and consistent trade format that enables electronic trade capture. MarkitSERV supports complex workflow tools for all your dealing relationships, from inter-dealer broker arranged trades, client and dealer-to-dealer clearing, prime broker give ups, novation consent, electronic allocation delivery and tie outs for both electronically eligible and ineligible OTC derivatives transactions. The advancement of more complex electronic processing over a variety of trade types has helped to standardize operation models across counterparties, asset classes, as well as internally with an affirmation model geared towards STP. - Clear trades across multiple clearinghouses with one platform.
Regulators are actively engaging the derivatives industry to advance central clearing for rates and credit trades to reduce risk and provide greater transparency in the OTC market. In a shifting environment, clients face various clearinghouse choices based on asset class, preferred clearing model and platform options. MarkitSERV reduces the complexity by offering you a single service provider to manage your connectivity and workflow options in a consistent manner. MarkitSERV makes clearing a seamless part of your operational toolsets, combining clearing with confirmation in a single step in one place. New coverage is constantly being added to meet the challenging needs of a dynamic market and in preparation for new regulatory demands across all asset classes including commodities. - Real time processing captures your trade details instantaneously and reduces operational risk.
With MarkitSERV’s trade template database behind the user-friendly screens, only key economic terms of the trade need to be input. Operations teams can track trades and independently verify details by using the dedicated “Tracker” screens. Regulatory confirmation deadlines can be met easily with fewer staff, reducing overhead and improving effectiveness. You need operational solutions which span your post-trade process without extensive investment in technology. MarkitSERV offers tools to get you through the entire trade life-cycle process – allocate, confirm, cancel, exercise, novate, clear, reconcile and dispute – with notification of trade status tracked in real time. Take advantage of existing feeds to your internal risk management systems to consume all trade life-cycle status information and programmatically update your trade records accordingly. - Automate your position reconciliations and enhance dispute resolution to proactively minimize exposure.
Since the credit crisis, more emphasis has been placed on proactive position reconciliation, investigation of mark-to-market differences and formalized dispute processes. With MarkitSERV PortRec, you can review your position economics against your counterparties daily to identify economic issues and significant valuation differences. You can also access confirmation details directly for any deal to more quickly validate economics or understand disputes already under review in your firm. Moreover, you can even request independent valuations from Markit for audit requirements.
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Connection options
One centrally integrated hub platform connects you to all counterparties and third-party platforms globally.
MarkitSERV is the leading platform to exchange complex trade information for confirmations and to connect to multiple clearinghouses. We work closely with leading industry participants and the principal trading associations to streamline electronic documentation. A consolidated source of trade data increases transparency and prevents data fragmentation. |
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Broker-dealers can connect to MarkitSERV services in a variety of ways:
- Use MarkitSERV’s desktop application, transmit FpML through one of MarkitSERV APIs or send/receive trade data in CSV file format.
- Receive trade data directly from every significant inter-dealer broker and electronic venue in real time, avoiding the need to key in trade details.
- Tap into third-party vendors such as TriOptima, Markit and Creditex through the same single link.
- Clear trades across multiple unique clearinghouse workflows for credit and rates.
- Consent to novations and deliver allocations electronically with MarkitSERV’s built-in workflows.
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Sign up now
Contact MarkitSERV (sales@markitserv.com) to get started. Let us know if you are interested in:
- One full solution across all asset classes
- Full functionality as a market maker, client sales, prime broker and as a clearing broker
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Reference documentation
For user guides and onboarding specifications, please refer to the Help and Documentation sites via MarkitSERV product Web sites. |
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