IHS Markit and Pirum Systems Join Forces for SFTR Solution

The two vendors are building a reporting solution for the Securities Financing Transaction Regulation coming into force with Mifid II.


The new solution will combine Markit Securities Finance's capabilities in data handling and management with Pirum System's expertise in post-trade reconciliation. According to a statement, the service will enable market participants to leverage existing industry data pipes and workflows, lowering the cost and operational burden of complying with SFTR reporting. The solution's design is still in progress and is expected to be launched later this year.