Click here to close now.




















Welcome!

News Feed Item

MarkitSERV and Misys Expand Partnership to Enhance FX Client Clearing Capabilities

LONDON and NEW YORK, February 11, 2013 /PRNewswire/ --

Misys CMS customers to benefit from simple, regulation-ready, FX clearing workflow solution

MarkitSERV, the most widely used electronic trade processing service for over-the counter (OTC) derivative transactions and Misys, the global leader in treasury and capital markets solutions, today announced they have partnered to offer a highly efficient, end-to-end solution for Misys Confirmation Matching Service (CMS) customers to deliver foreign exchange (FX) derivative trades to central clearing counterparties (CCPs).  

This offering will integrate the market-leading MarkitSERV FX clearing gateway - the single point of access to all FX CCPs used by executing brokers, clearing brokers, trading venues and buy side firms - with the Misys CMS, the premier post-trade treasury solution used by over 1,000 banks, brokers, fund managers and corporate treasurers to improve trading efficiency and reduce risk. The connectivity between Misys and MarkitSERV offers Misys CMS customers the benefit of seamless access to all FX CCPs and other FX market participants.

The partnership will allow Misys CMS customers to use MarkitSERV's SWIFT interface (and industry-standard SWIFT MT300 messages), MarkitSERV's connectivity for FX clearing validation and clearing broker acceptance (as appropriate) and its network to transmit trade notifications to designated FX CCPs.  As a result, CMS clients will be equipped to centrally clear OTC FX transactions, as required by Dodd-Frank and EMIR.  Other jurisdictions are expected to also make it mandatory to clear FX.    

Keith Tippell, Director and Co-Head of FX at MarkitSERV, said: "In this fast-changing and uncertain environment, our collaboration with Misys leverages the synergies between our respective services to deliver superior, scalable and high performance access to end-to-end processing of new FX clearing flows to all CMS customers.  Combined with our partnership with SWIFT to receive trade messages and deliver cleared status notifications via the SWIFT network, and our unrivalled FX CCP connectivity, this collaboration reinforces our position at the forefront of regulatory processing efficiency in the FX market."

Gilmore Bray, Director, Misys Global Managed Services, said: "Our partnership with the leading clearing gateway, MarkitSERV, is a significant enhancement to the Misys Confirmation Matching Service as it enables our clients to view through a single window the end-to-end status of FX trades requiring central clearing. Misys CMS will utilise the SWIFT network to deliver trades to MarkitSERV on behalf of our clients, eliminating any infrastructure investment or ongoing development cost to comply with the regulatory requirements. Misys CMS is dedicated to stay one step ahead of market changes so that our customers are well positioned in advance of regulatory changes."

MarkitSERV's award-winning FX clearing solutions legally confirm and route OTC FX transactions to FX CCPs and provide full support for client clearing, allocation of block trades and regulatory reporting.  MarkitSERV is the only middleware provider with live connectivity to LCH, SGX and CME for FX clearing and MarkitSERV will continue to connect to any other CCPs that offer FX clearing.  To date, MarkitSERV has processed 99.9% of all FX trades which have been centrally cleared.

Misys and MarkitSERV have also partnered to deliver solutions for other asset classes.  These include the integration of MarkitSERV and MarkitSERV Trade Manager with the Misys Sophis and Summit platforms to automate rates and credit clearing for buy-side clients.

Notes to Editors:

About MarkitSERV

MarkitSERV, jointly owned by The Depository Trust & Clearing Corporation (DTCC) and Markit, provides a single gateway for OTC derivatives trade processing.  By integrating electronic allocation, trade confirmation and portfolio reconciliation, MarkitSERV provides an end-to-end solution for post-trade transaction management of credit, interest rate, equity and foreign exchange derivatives.  MarkitSERV also connects dealers and buy-side institutions to central clearing counterparties and trade repositories.  For more information, see http://www.markitserv.com.

MarkitSERV's trade processing services for FX include connectivity to central clearing venues and an array of trade capture, post-trade messaging and workflow tools.  In September 2011, MarkitSERV acquired Logicscope and its TradeSTP trade processing technology.  TradeSTP's extensive post trade connectivity to more than 70 liquidity providers (banks, brokers, exchanges and electronic crossing networks) and 400 financial institutions (banks, hedge funds, asset managers and corporates) is now fully integrated within the MarkitSERV platform.

About Misys

Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading and risk solutions available on the market. With 1,800 customers in 120 countries our team of domain experts and partners has an unparalleled ability to address industry requirements at both a global and local level.

Misys was formed by the merger of Misys with Turaz. Combined they are able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organisations turn to for help solving their most complex problems.

Find out more at  http://www.misys.com

For further information, please contact:
Alex Paidas
Director, Corporate Communications
Markit
Telephone: +1-212-205-7101
Email: [email protected]

Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
[email protected]

SOURCE MarkitSERV and Misys

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of I...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...