IHS Markit's MarkitSERV to be used by CME Group
23 May 2018 London
Image: Shutterstock
IHS Markit has expanded its MarkitSERV integrated reporting solution to CME Group’s trade repositories in Australia and Europe.
IHS Markit’s integrated reporting, part of a suite of trade reporting services from MarkitSERV, supports multiple asset classes, repositories and jurisdictions.
It provides a solution for regulatory reporting, supplying clients with static data management, business rules, dashboards, workflow and reconciliation tools.
The service accepts trade, pricing and collateral data from a range of trading venues, client systems, core MarkitSERV platforms and other IHS Markit services.
MarkitSERV also helps firms meet increasing regulatory demand for improved data quality through aggregation of transaction data, data enrichment, compliance rules and audit functions.
IHS Markit has also agreed to buy another data provider, Ipreo, a New York-based financial services solutions and data provider, for $1.85 billion.
The sellers are private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.
Subject to customary closing conditions and regulatory filings and approvals, the acquisition is expected to close in the second half of this year.
Commenting on the MarkitSERV expansion, Julian Chesser, managing director and head of MarkitSERV in Asia, said: “Our global offering connects to multiple repositories and reporting regimes. Bringing CME Group on board provides the choice, flexibility and efficiencies that customers seek.”
Jonathan Thursby, executive director and head of global repository services at CME commented his group is “pleased to establish a best-in-class solution to help market participants with their derivatives trade reporting requirements.”
He added: “The roll-out of this integrated reporting solution is evidence of the growing demand for efficient and effective trade repository solutions. With trade repositories licensed in Australia, Canada, Europe and the United States, all offering efficient technology, dependable operations, low-cost structure and global coverage, CME Group is well placed to help our clients fulfil their reporting obligations.”
IHS Markit’s integrated reporting, part of a suite of trade reporting services from MarkitSERV, supports multiple asset classes, repositories and jurisdictions.
It provides a solution for regulatory reporting, supplying clients with static data management, business rules, dashboards, workflow and reconciliation tools.
The service accepts trade, pricing and collateral data from a range of trading venues, client systems, core MarkitSERV platforms and other IHS Markit services.
MarkitSERV also helps firms meet increasing regulatory demand for improved data quality through aggregation of transaction data, data enrichment, compliance rules and audit functions.
IHS Markit has also agreed to buy another data provider, Ipreo, a New York-based financial services solutions and data provider, for $1.85 billion.
The sellers are private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.
Subject to customary closing conditions and regulatory filings and approvals, the acquisition is expected to close in the second half of this year.
Commenting on the MarkitSERV expansion, Julian Chesser, managing director and head of MarkitSERV in Asia, said: “Our global offering connects to multiple repositories and reporting regimes. Bringing CME Group on board provides the choice, flexibility and efficiencies that customers seek.”
Jonathan Thursby, executive director and head of global repository services at CME commented his group is “pleased to establish a best-in-class solution to help market participants with their derivatives trade reporting requirements.”
He added: “The roll-out of this integrated reporting solution is evidence of the growing demand for efficient and effective trade repository solutions. With trade repositories licensed in Australia, Canada, Europe and the United States, all offering efficient technology, dependable operations, low-cost structure and global coverage, CME Group is well placed to help our clients fulfil their reporting obligations.”
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