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Inter-dealer brokers (IDBs) use the MarkitSERV electronic platform for legal confirmations in which all parties legally acknowledge a trade within minutes of execution.
MarkitSERV Services
Inter-dealer brokers interact with a multitude of clients and often across many asset classes. IDBs provide important services to the over-the-counter (OTC) market, and increased regulatory and industry focus on electronic confirmation presents opportunities to work with your clients to deliver a solution for broker confirmations within minutes of execution.
MarkitSERV is used worldwide by all participants in the financial markets whether dealers, buy-side firms or inter-dealer brokers. All the major G15 banks use MarkitSERV, as well as hundreds of regional banks trading a variety of products and currencies.
Same-day confirmation is an important topic in the OTC derivatives market. With closer regulatory scrutiny and increased focus on operational procedures, participants in the derivatives markets are looking for ways to provide efficient straight-through processing (STP) solutions.MarkitSERV provides the industry-leading platform for same-day electronic confirmations for OTC derivatives across the following asset classes: |
- Interest rate derivatives
- Credit derivatives
- Equities derivatives
- Commodities
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| The IDB can send electronic confirmations directly to hundreds of dealing desks across the globe. By using MarkitSERV, the IDB enhances the value of the services provided to your clients and helps them achieve a fully electronic confirmation flow. Operational risk for the IDB is mitigated, as the trader on both sides will affirm the trade economics as provided by the IDB. |
Connection options
An IDB can access MarkitWire through either an easy-to-use GUI or build an integration to the IDB’s internal system through the use of a programming interface. MarkitWire is integrated to leading broker aggregation services (e.g. for equities or commodities), through which an IDB could also access MarkitWire. |
Sign up now
To learn more about how MarkitSERV can help provide efficient solutions for your organisation, or to organise a demonstration of the system, please contact sales@markitserv.com. |
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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