IHS Markit has expanded its MarkitSERV derivatives reporting service by connecting with CME Group’s trade repositories in Australia and Europe.
Reporting is part of the services offered by MarkitSERV, which supports multiple asset classes, repositories and regions. It provides clients with trade, pricing and collateral data from various trading venues, client systems, MarkitSERV platforms and other IHS Markit products.
“Bringing CME Group to our comprehensive reporting service provides the choice, flexibility and efficiencies that we know our customers seek,” said Julian Chesser, head of MarkitSERV in Asia. “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.”
CME Group’s head of global repository services, Jonathan Thursby, added that with trade repositories now licensed in Australia, Canada, Europe and the US, CME Group is well-placed to help clients meet regulatory reporting requirements.
“CME Group is pleased to partner with IHS Markit to establish a best in class solution to help market participants with their derivatives trade reporting requirements, and the roll out of this integrated reporting solution from MarkitSERV is evidence of the growing demand for efficient and effective trade repository solutions,” he said.
Earlier this week IHS Markit confirmed plans to sell its MarkitSERV business following a detailed review of its capital allocation strategy, and has already begun to process.
The data and analytics firm has also agreed to buy rival Ipreo for $1.9 million from funds managed by Blackstone and Goldman Sachs Merchant Banking Division. The deal is expected to close in the second half of the year.