London-based data provider Markit and San Francisco capital markets trading software company Calypso have announced that the US-based company will integrate Markit Trade Processing into its software platform.The partnership will enable users to pass data from Calypso’s trade-capture system to Markit’s trade-processing platform, as a result automating a variety of post-trade services including trade day affirmation, Depository Trust & Clearing Corporation trade confirmation, non-straight-through processing (STP) confirmation workflow and portfolio reconciliation. Markit Trade Processing also facilitates novation, termination and dispute resolution via Markit Connex, a secure instant messaging service.Leo Schlinkert, executive vice-president and head of trade processing and distribution at Markit, said: “By linking our platform to industry utilities and leading vendors such as Calypso, we are able to pave the way for a more efficient market-place. This will allow our clients to achieve true STP, making costly errors and backlogs a thing of the past.”<
More on Technology
Bank technology needs continue to evolve
Data has been a problem for the past two decades for firms in the region
Increasing role of technology is key trend in two decades since launch of Asia Risk
Business strategies must be able to leverage technologies with right attitudes in place, say C-Level panelists.
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.