22 October 2017

Markit connects to Hong Kong Monetary Authority trade repository

20 December 2013  |  2074 views  |  0 Source: Markit

Markit, a leading, global financial information services company, today announced that MarkitSERV, its global electronic trade processing service for over-the-counter derivatives, is reporting interest rates and FX derivative trades to the trade repository operated by the Hong Kong Monetary Authority.

The service went live on December 10th 2013 allowing for compliance with Hong Kong's interim reporting regime.

Kevin Gould, president of Markit and head of Markit Asia Pacific, said: "The successful launch of our reporting service to the Hong Kong Monetary Authority's trade repository is another milestone for Markit in Hong Kong, complementing our recent connectivity to the Hong Kong Exchanges and Clearing's OTC clearing service. We continue to work closely with customers in Hong Kong and globally to help them comply with new regulations while managing their compliance costs."

In Asia Pacific, MarkitSERV connects its 2,600+ customers to the derivatives clearing services run by the Australian Securities Exchange (ASX), Japan Securities Clearing Corporation (JSCC) and the Singapore Exchange (SGX). MarkitSERV also connects its customers to the derivatives reporting services run by DTCC and the Hong Kong Monetary Authority.

Building on its industry-leading processing platforms, MarkitSERV has enhanced its connectivity and service offerings to assist customers in meeting the rapidly evolving OTC derivatives regulatory regimes. Through MarkitSERV, industry participants have an effective single point of access to 15 clearinghouses, as well as three global trade repositories. MarkitSERV is also used by Swap Execution Facilities ("SEF") for some or all of trade routing to clearinghouses, SEF confirmation and regulatory reporting.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10587 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
10183 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9088 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8150 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7960 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job