RiskTech Forum

IHS Markit Expands MarkitSERV Trade Reporting Solution to CME Group

Posted: 23 May 2018  |  Source: IHS Markit


IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it has expanded its MarkitSERV Integrated Reporting solution to CME Group’s Trade Repositories in Australia (ASIC) and Europe (EMIR).

Integrated Reporting, part of a suite of trade reporting services from MarkitSERV, supports multiple asset classes, repositories and jurisdictions. It provides a controlled and customizable 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.

“Our global offering connects to multiple repositories and reporting regimes,” said Julian Chesser, managing director and head of MarkitSERV in Asia. “Bringing CME Group to our comprehensive reporting service provides the choice, flexibility and efficiencies that we know our customers seek. We also help firms meet regulators’ increasing demands for improved data quality through seamless aggregation of golden source transaction data, data enrichment, compliance rules and audit functions.”

“CME Group is pleased to partner with IHS Markit to establish a best in class solution to help market participants with their derivatives trade reporting requirements, and the roll out of this integrated reporting solution from MarkitSERV is evidence of the growing demand for efficient and effective trade repository solutions,” said Jonathan Thursby, executive director, head of global repository services, CME Group. “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.”

MarkitSERV’s reporting solutions cover all classes of OTC derivatives, exchange-traded derivatives, valuation and collateral reporting, and other fixed income products subject to regulatory reporting. In additional to EMIR and ASIC reporting regimes, it also covers Canada, Europe (MiFID II), Hong Kong (HKMA), Japan (JFSA), Singapore (MAS) and the United States (CFTC).

Integrated Reporting sources certain technology from Catena Technologies, a leading provider of web-based regulatory reporting and technology consultancy services.