IHS Markit Strengthens Netting Synchronization with Addition of CME Clearing

[kreslik.news]

IHS Markit (Nasdaq: INFO), a provider of information, analytics, and solutions for the financial services industry, has added CME Clearing to its netting synchronization service from MarkitSERV, the group’s trade processing platform for over-the-counter (OTC) derivatives, per an IHS statement.

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Clearinghouses currently net exposures in a bid to mitigate the capital and operational costs associated with OTC derivatives. On CME’s part, this comprehensive service supports netting of cleared interest rate swaps, basis swaps, forward rate agreements, overnight index swaps and swaptions.

The new service is important as it ... (read more)