Markit Wire links with a number of best-of-breed solutions for complete straight-through-processing.
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Market Platforms
Interest rate derivatives traded via TradeWeb are instantaneously sent to Markit Wire for electronic confirmation and deal capture. The integration of the two systems also allows clients to access the Markit Wire application from the TradeWeb viewer, facilitating the use of both platforms by middle and back offices.
Markit Wire's link with Bloomberg SwapTrader (via the Bloomberg Professional ® service) provides a real-time link feeding trades executed on Bloomberg directly to Markit Wire for confirmation. The seamless straight-through processing integration allows users to capture a fully ISDA ® confirmed trade directly into their risk management system without any manual intervention.
Use of the combined Markit Wire/SwapClear facility allows dealers to book, document, clear and settle trades electronically, reducing the workload involved in supporting transactions through their life cycle. Clients can also upload historic transaction data via an automated link to LCH Clearnet, thereby clearing existing backlogs.
www.lchclearnet.com
Markit Trade Manager gives buy-side firms electronic tie-out and confirmation workflow tools, STP connectivity to Markit Wire and DTCC; “paper” confirmation workflow; trade recap management; comprehensive reporting and metrics for all OTC derivatives.
www.markit.com
TriOptima is an international financial technology company that enables professional derivatives dealers to eliminate the sources of risk while dramatically increasing their capacity for new business. Following a TriOptima run, participants can chose to have trades previously confirmed on Markit Wire fully or partly terminated though the cancellation process in place.
www.trioptima.net
Swapstream offers an easy-to-use screen-based trading system that operates in tandem with inter-dealer voice broker networks. Through the Markit Wire link, trades done on Swapstream will automatically be delivered to the traders on Markit Wire, allowing dealers to achieve true straight-through processing.
www.swapstream.com
Reset is a specialised broking service that enables traders to execute Forward Rate Agreements (FRA), Single Period Swaps (SPS) and Non Deliverable Forwards (NDF) to mitigate reset risk across their trading portfolios. Following a Reset run, trades are delivered through a real-time link to Markit Wire.
www.reset.net
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System Vendors
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