The solution will allow Markit's buy- and sell-side clients to integrate with major systems used in the syndicated loan market. Users are expected to have access to the software starting in the second half of 2016.
Scott Kostyra, managing direct at Markit, tells WatersTechnology the overall goal is help the loan market adopt straight-through processing (STP) initiatives, specifically Markit Clear, for loan trade settlement, and FpML, for messaging about loan assets.
"Anything that reduces manual
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails