Industry Matching Utilities

Electronically Link to DTCC, SwapsWire and Prime Brokers -- With No Internal Development

As firms look to industry utilities like DTCC, SwapsWire or prime brokers to streamline derivatives trading, Markit offers a quick and seamless way to electronically link to each without any internal development or manual efforts.

Markit leverages the trade details in our trade processing platform and submits eligible trades via FpML. Status updates are tracked within our platform for a unified picture of each client firm's entire confirmation process.

With our integration service, firms can:

• Send trade details automatically for auto-matching
• Manage the entire confirmation status workflow with real-time reports
• Handle allocation processing (by breaking up block trades into individual allocations before submission)
• Resolve exceptions for non-eligible trades and 'pull back' data into a non-STP workflow