Markit and Calypso join forces to speed up trade confirmations

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.”<

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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