IHS Markit has expanded its MarkitSERV integrated reporting solution to CME Group’s trade repositories in Australia and Europe.
MarkitSERV is part of a suite of trade reporting services from MarkitSERV, supporting multiple asset classes, repositories and jurisdictions. It provides a controlled and customisable 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.
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).
“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.”
The company recently signed a definitive agreement to acquire Ipreo, a leading financial services solutions and data provider, for $1.855bn. It has agreed to buy from private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division, with an acquisition expected to close in the second half of 2018.
Following the purchase, IHS Markit said that following a detailed review of its financial services businesses as part of a disciplined capital allocation strategy, it has initiated a process to sell MarkitSERV.
“Ipreo is well known as best in class in their product and service offerings. By uniting Ipreo’s strong teams and business with IHS Markit, we will deliver even more to our client bases including new and innovative combined solutions. The way our respective businesses complement one another is quite extraordinary,” said Adam Kansler, president of financial services for IHS Markit.
Based in New York, Ipreo supports all participants in the capital-raising process, including banks, public and private companies, institutional and individual investors as well as research, asset management and wealth management firms. It products and services minimise the increasing costs and complexities of capital markets and offer solutions to the high demand for regulation and compliance, industry cost pressures and steep costs associated with building and maintaining in-house systems.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
