Markit Trade Processing™
Dramatic market growth in OTC derivatives and regulatory concerns have created a major need for the industry to achieve greater operational efficiency. Markit's powerful suite of products help firms to achieve true STP, making costly errors and backlogs a distant memory. Markit Trade Processing is a major part of that strategy.
Hundreds of thousands of trades each month are processed on Markit Trade Processing, with over four million trades confirmed and one million positions reconciled, making the all-inclusive, electronic platform for derivative post-trade processing the most widely used platform in the industry.
Markit Trade Processing
Our trade processing platform provides both buy- and sell-side firms with the ability to increase counterparty transparency, reduce risk, end disputes and backlogs of outstanding confirmations, as well as streamline post-trading operations.
Markit Trade Processing services include:
Markit Trade Manager Electronic tie-out and confirmation workflow tools for buy-side firms including STP connectivity to DTCC and Markit Wire, “paper” confirmation workflow, novation consent, trade recap management, comprehensive reporting and metrics for all OTC derivatives. Markit Wire Real-time legal confirmation, trade capture, and STP for sell-side, buy-side, IDB’s and fund administrators. Markit Wire includes support for all trade life cycle events and innovative functionality to handle novations, and allocations. Markit PB Wire Trade workflow for prime brokers, executing brokers and fund clients allowing give-ups to be agreed and confirmed in a single integrated process. Markit PortRec Automated position reconciliation and valuation comparison service for buy-side, dealer and prime broker clients.