| The leading electronic system for same-day trade capture, legal confirmation and workflow management - Markit Wire is currently used by fund managers for thousands of funds throughout the world.
Features
- No charge for access or usage
- Trades confirmed in real time with broker-dealer front office
- Easy to use internet application with a simple sign-up process
- Reduces errors, cuts risk
- Affirmation and confirmation in a single step for legally confirmed trades on trade date
- Streamlines work flow processes
- All major global broker-dealers and prime brokers connected
- Flexible integration options
How Does Markit Wire Work?
Markit Wire’s rich and user friendly functionality allows buy-side clients to receive, affirm and confirm trades in one step, communicating directly with broker-dealers and prime brokers over the internet.
Individually tailored, automated emails alert you to incoming deals waiting in a queue. An organized queue of trades await acceptance in the application. Any queries can be dealt with immediately using the real-time chat facility, reducing trade errors to zero.
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All Steps of the Trade Life Cycle Are Automated and Simplified
There are no delays, no backlogs and a single step process completes both affirmation and legal confirmation for new trades, allocations, unwinds, assignments and other trade processing steps.
Novations
- The novation process combines consent and documentation into one action and fully complies with the ISDA Novation ProtocolSM
Allocations
- Block trades can be allocated to many funds; splits can be created on screen or uploaded from spreadsheets or file
- Trades can be allocated by either party
- Allocations are automatically created and confirmed at split level
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Markit Wire Streamlines Processes and Improves Workflow
- Full trade details are captured in an electronic ticket
- Internal systems are easily reconciled with Markit Wire
- Workflow can be customised and data shared to comply with internal approval procedures
- Administrators can access specific portfolios of trade data
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How Do I Sign Up?
Markit Wire’s legal terms can be downloaded from the website. Contact Us for a username and password.
- Download the relevant signup documentation
- Complete and return to Markit Wire
- Configuration and set up can normally be completed within a week.
Please note, a single authorized signatory covers all entities managed by a fund manager. There is no need to sign any bilateral documentation with your counterparts. There is no software or hardware installation requirement.
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