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 fulfill their confirmation requirements on T+0.
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.
That's what allows you to achieve the benefits straight-through-processing as you confirm and match transactions with users and matching counterparties.
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.
