MarkitSERV reports to Hong Kong's TR 20 December 2013Hong Kong Reporter: Georgina Lavers
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Markit, a financial information services company, has said that MarkitSERV, its global electronic trade processing service for OTC derivatives, is reporting interest rates and FX derivative trades to the trade repository operated by the Hong Kong Monetary Authority.
The service went live on 10 December 2013, allowing for compliance with Hong Kong’s interim reporting regime.
Kevin Gould, president of Markit and head of Markit Asia Pacific, said: “The successful launch of our reporting service to the Hong Kong Monetary Authority’s trade repository is another milestone for Markit in Hong Kong, complementing our recent connectivity to the Hong Kong Exchanges and Clearing’s OTC clearing service. We continue to work closely with customers in Hong Kong and globally to help them comply with new regulations while managing their compliance costs.”
In Asia Pacific, MarkitSERV connects its 2,600+ customers to the derivatives clearing services run by the Australian Securities Exchange (ASX), Japan Securities Clearing Corporation (JSCC) and the Singapore Exchange (SGX).
MarkitSERV also connects its customers to the derivatives reporting services run by DTCC and the Hong Kong Monetary Authority.
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