Markit Adds Emir Reporting to Global Trade Reporting Tool

Given that the deadline of February 12, 2014 is drawing near, MarkitSERV will now be able to provide users with a complete Unique Transaction Identifier (UTI) service for a range of asset classes across all supported regimes, including Emir.
MarkitSERV receives UTIs from trading venues, or clearinghouses when they are not provided, and enables users to send, receive and agree UTIs across all workflows to ensure reporting is performed without duplication, as required by the European Securities and Markets Authority (Esma).
"Our global trade reporting solutions help market participants adapt to multi-jurisdiction regulation efficiently," says Henry Hunter, managing director and global head of derivatives processing at Markit. "MarkitSERV provides customers with a cross-asset-class service to manage all of their post-trade requirements, including trade affirmation, trade confirmation, routing to clearing, and reporting."
MarkitSERV says it already provides trade reporting services for the trade reporting regimes for the Australian Securities and Investments Commission (ASIC), the Hong Kong Monetary Authority (HKMA), the Japan Financial Services Agency (JFSA), the Monetary Authority of Singapore (MAS), the OTC Derivatives Regulators Forum (ODRF) and the US Commodity Futures Trading Commission (CFTC).
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