Allocations 

Markit Wire’s allocation functionality increases efficiency and reduces risk by allowing multiple similar trades to be input as one trade, then broken down clearly into the desired splits and all confirmed in a single action. Users are assured that the resulting legally binding trades have identical trade parameters, and that the sum of the allocated trades equals the notional of the block.

• Trades are agreed at block-level, with splits loaded on-screen or via spreadsheet upload
• Allocations can be input by the client or broker-dealer
• Confirming the block generates auto-confirmation of all split trades
• Each split is assigned a trade identifier and is legally confirmed as a stand-alone trade record
• Validation checks ensure that trade details are complete
• Markit Wire ensures all splits add up to original trade