Jointly owned by DTCC and Markit, MarkitSERV combines the DTCC Deriv/SERV and Markit Wire trade confirmation platforms to cover all major asset classes including credit, interest rate, equity and commodity derivatives.
MarkitSERV was created in response to calls from regulators, politicians and market participants for greater cooperation within the industry over electronic trade confirmation to reduce risk in the OTC derivative markets. More than 50 banks, 50 inter-dealer brokers and 1,200 funds are already connected to the service which is expected to handle in excess of 15 million confirmations in its first year.
For more information about MarkitSERV solutions, see www.markitserv.com.
DTCC ensures the capacity, certainty and reliability required to clear and settle today's enormous trading volumes.Download File
For more information about MarkitSERV solutions, see www.markitserv.com.Read More
In today's U.S. capital markets, billions of shares of securities change hands every day. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions.Read More