05.30.2018
By John D'Antona Editor, Traders Magazine

IHS Markit Connects Asigna for Clearing Swaps

05.30.2018 By John D'Antona Editor, Traders Magazine

LONDON (May 29, 2018) – IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that MarkitSERV has expanded its global network of derivatives clearinghouses by connecting to Asigna, the clearinghouse for Mexican listed and standardized derivatives.

With the new connection, MarkitSERV provides standardized workflow and connectivity for matching, confirming and clearing Mexican peso TIIE 28 swaps.  Asigna, Compensación y Liquidación began clearing OTC derivatives in 2016.  Seven global and regional banks are clearing members at Asigna.

“With the connection between MarkitSERV and Asigna, we can offer our clients an efficient and secure channel to transmit confirmed TIIE swap data to our clearinghouse,” said Catalina Clavé Almeida CEO at Asigna.  “It also helps global banks on the MarkitSERV network do business in our market.”

“Connecting to Asigna expands the global reach of the MarkitSERV network and helps our clients access this important, growing market,” said Brad Levy, CEO of MarkitSERV and head of loans at IHS Markit.  “In providing a single point of access to 18 derivatives clearinghouses and multiple trade repositories, we offer an efficient solution for trade confirmation, trade lifecycle management and compliance.”

MarkitSERV is an integrated, multi asset class service for the management of trade confirmation, clearing, allocation of block trades and regulatory reporting.  More than 2,500 firms use MarkitSERV to process OTC derivatives trades, connect with 18 clearinghouses worldwide and report trades in multiple jurisdictions.

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