Match your economic trade details and settlement information as close to real-time as possible
Join the broadest community of cash matching participants across the market.
Reduce risk and exposure from the front office, and remove processing costs and capacity bottlenecks in the middle office while avoiding settlement related fines and penalties in the back office.
Join the extensive Fixed Income community of European and UK banks and inter-dealer brokers who rely on us to fulfil their confirmation requirements on T+0.
Meet EU and UK regulations.
We offer EU and UK regulated APAs and ARMs to meet the reporting obligations of all your Legal Entities.
Get insight into your data quality.
Our powerful analytics tool offers five-year trending and peer benchmarking.
See the details that matter, fast.
Visualise your entire reporting lifecycle with our unique, intuitive platform. You can address any breaks directly in the GUI.
Fast. Easy. Accurate.
Track your matching rate throughout the trading day, and review exceptions by trade and settlement dates via our web-based UI.
Our close match feature will also auto-pair and rank potential matches to quickly suggest and highlight discrepancies, bringing down the time needed to resolve mismatches with your counterparties.
Finland and Gibraltar
Lean into regulatory headwinds
We connect to the following European regulators and are adding new NCAs on a regular basis
Meet and match with your community
Shared access to our automated electronic platform creates an expansive community of sell-side firms.
That's what allows you to achieve the benefits straight-through-processing as you confirm and match transactions with users and matching counterparties.
Let the data do the talking
The size of our community enables you to benchmark your matching performance against your peers.
Powerful analytics and clear data visualizations enable you to quickly determine how you can improve STP, while drastically reducing costs and behavior-driven booking errors.
MarketAxess Match supports FIX messaging and CSV connectivity via sFTP. Standardized trade files can also be dropped into the UI for a quick and easy option to begin centrally managing exceptions ASAP.
CSDR aims to make all securities settlement occur on the intended settlement date. Impacts from settlement problems include:
- Daily settlement penalties.
- Late matching charges.
- Mandatory buy-ins for failed settlement.
- Individual accountability.
- Estimated to cost the industry billions annually.
If you are transacting in securities that settle in a European CSD you are in scope, regardless of your location.
MarketAxess Match and Repo provides a near real-time confirmation platform, allowing you to identify, investigate and resolve discrepancies that could prevent settlement.
Minimize the risk of trade failure and become more operationally efficient through MarketAxess Post-Trade services.
A seat at the regulatory table
As an EU and UK MiFID II Approved Reporting Mechanism (ARM) and an Approved Publication Arrangement (APA), our industry experts work closely with regulatory bodies to help shape the current framework.
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Our EMIR capability integrates into our platform enabling you to choose whichever Trade Repository you prefer, while harmonizing all your data traffic with one connection and one dashboard.
As Regulatory Operations teams become a centralised service, they demand multi-obligation platforms such as MarketAxess.
One connection, one dashboard
The complex requirements of SFTR span the full lending lifecycle:
- Up to 155 reportable data fields
- 59 submissible
- 90 reconcilable
There are fines for non-compliance, and reputational damage can impair your trading ability.
Use the only industry-wide, community sharing UTI exchange portal, so both trade counterparties can meet all SFTR requirements in a standardized way.
Meet all your UTI exchange regulatory reporting requirements on our UTI Portal. Stay compliant for all collateral lifecycle events.
The only industry-wide community sharing UTI exchange portal
The business case for overhauling the back office
Financial regulations have largely been successful but have focused mostly on the front office, leaving back-office processes well overdue for extensive overhauls.
CSDR Settlement Penalties checklist
CSDR will reach every participant executing securities across Fixed Income, Repo and Equity transactions, and is a huge opportunity for the industry to drive best practice
Post-Trade Repo quarterly data update
Repo matched trade average daily volume increased 94% YoY to $110bn in Q1 2021. Download the latest stats from our near real-time post-trade exception management solution.