| The Definitive, Industry-backed System For Automated Trade Capture, T+0 Confirmations, Trade Give-Up and STP
Features
- ISDA® confirmations within minutes
- Intelligent templates for minimal data entry
- Front office friendly
- Broker confirmations for every trade
- Add value for clients ... for free
Markit Wire is the leading platform for reducing risk and improving operational efficiency in the OTC derivatives market.
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Reduce Risk and Increase Operational Efficiency
Trades are captured at execution and legally confirmed with counterparts in one action and in real time. The instant on-line chat facility means that trade errors can be resolved immediately, before they impact your P&L. Trades done through brokers are received automatically whether the counterpart uses Markit Wire or not, avoiding the need to key in trade details altogether.
No re-keying of data
No confirmation backlogs
No mismatches
No time wasted
Rising volumes don’t have to mean an increase in support staff. With Markit Wire’s trade template database behind the user-friendly screens, only the key economic terms of the trade need to be input. The operations department can track trades and independently verify detail by using the dedicated “Tracker” screens. Regulatory confirmation deadlines can be easily met with fewer staff, reducing overheads and improving effectiveness.
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One Network, One Interface
With all major inter-dealer brokers throughout the world already connected to Markit Wire, broker-dealers immediately plug into one global network with a single interface to receive all of their trades. All dealing relationships, from inter-bank deals to inter-dealer broker confirmations, buy-side client deals and prime broker give-up trades are supported over the system.
Dealers can take advantage of broker confirmations and the STP of broker trades for 100% of their brokered activity – regardless of whether the counterpart is a Markit Wire participant or not. Trades sent by brokers can be either double or single-sided. Markit Wire maintains a database of over 1,000 dealer codes covering every market participant.
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Straight-Through-Processing
Markit Wire can be used on a standalone basis to improve confirmation efficiency immediately, with no up-front technology work. FpML™ based application programming interfaces can also link Markit Wire to in-house trade capture and risk management systems, ensuring that the moment a trade enters the system, positions are automatically updated. Our clients have integrated Markit Wire with many third-party systems, and we have linked our service to Bloomberg, LCH.Clearnet, Reuters, TradeWeb, and TriOptima. Others links are currently in development.
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Markit Wire For Your Clients
Free of charge
Easy sign-up
No additional fees for buy-side trades
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