Markit Connects to HKMA Trade Repository

Hong Kong
Markit's move is in line with enhanced reporting requirements set by HKMA.

Markit went live with the connection on December 10, in compliance with the regulator's interim reporting requirements. Currently, MarkitSERV is reporting interest-rate and foreign-exchange derivatives trades.

"The successful launch of our reporting service to the HKMA's trade repository is another milestone for Markit in Hong Kong, complementing our recent connectivity to the Hong Kong Exchanges and Clearing's over-the-counter clearing service," says Kevin Gould, president at Markit and head of Markit Asia-Pacific. "We continue to work closely with customers in Hong Kong and globally to help them comply with new regulations while managing their compliance costs."

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