MarkitSERV (IHSM)
A platform providing trade confirmation and post-trade processing services for OTC derivatives and other asset classes.
Overview
MarkitSERV, part of IHS Markit and now under OSTTRA, offers a comprehensive platform for trade confirmation and post-trade processing across multiple asset classes including OTC derivatives, FX, rates, credit, and equities. The platform facilitates trade capture, automated trade processing, messaging, matching, and confirmation to streamline post-trade workflows.
The service integrates with a broad network of counterparties and supports functionalities such as give-up messaging, credit management, portfolio reconciliation, margin analytics, collateral management, and settlement orchestration. It aims to reduce operational risk and improve efficiency in trade lifecycle management through automation and connectivity with industry standards and networks.
Key Features
- + Automated trade capture and notification
- + Trade matching and confirmation
- + Give-up messaging to prime brokers
- + Credit management including monitoring and kill switches
- + Portfolio reconciliation with 2,000+ OTC counterparties
- + Margin analytics and collateral management
- + XVA calculations and cash flow management
- + PvP settlement orchestration with SWIFT connectivity