Fiserv has upgraded its multi-asset post-trade processing service for institutional asset management firms by integrating functionalities from MarkitServ, the electronic trade processing provider for OTC derivatives.
Through these functionalities, TradeFlow will deliver an OTC clearing sequence to streamline communications between financial firms and multiple clearing counterparties.
In addition, asset-class coverage has been extended in this new release of TradeFlow to include interest rate swaps, basis swaps, credit default swaps and credit index swaps. MarkitSERV will provide TradeFlow users with integrated connectivity to more than 100 executing brokers and 14 central counterparties worldwide via MarkitSERV Trade Manager, a buy-side service for managing and viewing trade matching, allocation delivery, clearing notifications and trade disputes. Eligible OTC trade data is routed to MarkitSERV Trade Manager using standard data feeds – including Financial Products Markup Language (FpML) and Comma-Separated Values (CSV). Status updates from MarkitSERV Trade Manager are displayed in the user interface of TradeFlow. If required, these updates can also be forwarded back to the user’s order management and back-office systems.
TradeFlow has been designed to be easily adapted to future market and regulatory changes in the OTC space. As newer clearing requirements for OTC derivatives take effect in the US and abroad, TradeFlow will be continuously enhanced to support additional OTC clearing through MarkitSERV.
Fiserv Releases New Version of TradeFlow
Fiserv has upgraded its multi-asset post-trade processing service for institutional asset management firms by integrating functionalities from MarkitServ, the electronic trade processing provider for OTC derivatives.
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