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.