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Trade Manager

Automate, manage and monitor the OTC post-trade clearing process

The OTC derivatives space is evolving rapidly as regulation comes into effect globally. Firms are facing new clearing and trade execution requirements, as well as compressed timeframes for achieving confirmation or clearing. While effective dates may differ by region or asset class, buy-side firms are actively seeking solutions that provide comprehensive and consistent approaches.

Trade manager helps buy-side firms automate, manage and monitor OTC derivatives trade confirmations and the post-trade process for clearing. Trade Manager's consolidated dashboard provides buy-side participants with an integrated view of trading activity across multiple OTC asset classes for cleared or non-cleared electronic transactions and paper-based trades.

Trade Manager offers buy-side participants a single platform for addressing electronic confirmation, clearing and electronically ineligible ('paper') trades. Buy-side firms can submit trades and track updates in real time. Customers can upload trades in Excel format or via the Client API in a real-time FpML API.

Key benefits:

  • Transparency – Gain a single view into operational risk across a variety of workflows and asset classes, using dashboards, status updates and reporting information available via web interface, custom reports, and real-time API messaging
  • Efficient operational risk management – Lower operational risk by quickly securing confirmation or clearing acceptance. Trade Manager’s focus on automation helps firms achieve confirmation without manual reviews, while highlighting key action issues. Additionally, with a single platform, your benefit from a consistent, controlled approach to manage risk
  • Connectivity – Use one platform to access an extensive network of dealers, prime brokers, clearinghouses and execution venues
  • Comprehensive workflow – Take advantage of the most comprehensive solution for buy-side workflow needs, including electronic confirmation matching, clearinghouse connectivity, support for paper-based workflows and regulatory reporting information


Electronic confirmations (bilateral) – Trade Manager matches client trade details against trades submitted by dealer counterparts. Trades are confirmed automatically or highlighted as disputes for counterparts to resolve. Electronic matching or submission flows are supported for interest rate, credit and equity derivatives.

Client Clearing – Access Trade Manager’s matching and dispute resolution tools to submit trades to over 13 clearinghouses globally across multiple asset classes. Instruct clearinghouses on specific netting instructions, track clearing acceptance and access clearinghouse identifiers via Trade Manager’s interfaces.

Electronic Allocation Delivery (EAD) – For allocating clients, Trade Manager delivers fund details for credit, equities and rates derivatives electronically via MarkitSERV to dealer counterparts' front office systems for bilateral electronically confirmable trades.

Electronically ineligible ('paper') trades – Non-standard OTC derivatives confirmations are processed electronically on Trade Manager, allowing buy-side firms to receive, review, dispute or sign confirmation documents online. Multi-step approval workflow helps firms align with internal controls. OTC derivatives support includes commodities, credit, equities, FX and rates products.

Novations – Trade Manager submits and tracks electronic novations for credit and rates products.

Swap Execution Facility (SEF) trades – As SEF rules come into effect, clients can still receive information and status notifications related to SEF-executed trades via Trade Manager. Trade Manager links SEF trade details to client-submitted trades, delivers allocations on trades cleared at the bunched-order level to clearinghouses and identifies discrepancies between SEF trades and a firm's internal system record.


  • Asset managers
  • Hedge funds
  • Pension funds
  • Asset servicers
  • Fund administrators
  • Regional banks


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