MarkitSERV
A platform providing automated trade processing and confirmation services for OTC derivatives.
Overview
MarkitSERV is a trade processing platform designed to automate the confirmation, allocation, clearing, and reporting of OTC derivatives trades. It facilitates trade capture and messaging between counterparties and venues to ensure accurate and timely trade booking.
The platform supports post-trade processing workflows including give-up messaging to prime brokers and credit management for FX trades. It integrates with a broad network of OTC counterparties to enable portfolio reconciliation and collateral management.
MarkitSERV also offers services for margin analytics, XVA calculations, and settlement orchestration to reduce operational risk and improve efficiency in the post-trade lifecycle.
Key Features
- + Automated trade confirmation and allocation
- + Trade capture and messaging between venues and counterparties
- + Give-up messaging for prime brokerage processing
- + Credit management for FX trades including monitoring and kill switches
- + Portfolio reconciliation with a network of 2,000+ OTC counterparties
- + Margin analytics and collateral management
- + XVA calculations and exposure forecasting
- + PvP settlement orchestration with SWIFT connectivity