OSTTRA, a global post-trade solutions company, has announced connectivity between two of its post-trade services – MarkitWire, an, electronic trade confirmation and processing platform and triResolve, a specialist in portfolio reconciliation, collateral management and reporting reconciliation.
Through this enhancement, trades confirmed by MarkitWire can be seamlessly delivered directly into triResolve, across a common network of more than 2,000 firms. This will drive standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.
The direct connectivity is live with nine existing customers, covering interest rate derivatives and equity derivatives. It will also include repo transactions following the go-live of OSTTRA Trade Processing for Repos in Q3.
The connection will bring operational alignment between MarkitWire users and collateral and reconciliation teams using triResolve, with minimal input needed and no additional cost.