MarkitSERV

MarkitSERV is a post-trade processing platform for over-the-counter derivatives and related securities. It provides electronic trade confirmation, lifecycle management, settlement processing, and straight-through processing to improve efficiency and reduce risk across market participants.

The service offers trade matching and confirmations, automated handling of lifecycle events (amendments, novations, terminations), standardized settlement instructions, collateral management support, and data services for trade and reference data. It integrates with counterparties, clearing houses, central securities depositories, custodians, and back-office systems to support end-to-end processing across multiple asset classes and currencies.

Asset classes supported include interest rate and credit derivatives, foreign exchange products, and other OTC derivatives, along with related securities activities. The platform emphasizes standardized messaging and workflows to facilitate compliance with global post-trade requirements and to enable straight-through processing from trade capture to settlement.

MarkitSERV was developed by Markit and later became part of IHS Markit following a corporate merger. After S&P Global completed its acquisition of IHS Markit in 2020, MarkitSERV continued as a product line within the S&P Global family, continuing to serve market participants worldwide.

Users include banks, asset managers, hedge funds, and other financial institutions that require reliable, scalable post-trade support for OTC derivatives and related securities.