The partnership will see IHS Markit benefit from trading technology at Wave Labs, while addressing portfolio managers’ requirements from a liquidity and price discovery angle.
Clients of the CME FX Link platform, including Goldman Sachs, can receive OTC spot FX messages directly via Refinitiv Trade Notification and IHS Markit’s MarkitSERV.
Credit Benchmark has appointed Thomas Gilligan, Americas equity sales head at IHS Markit, as its next chief commercial officer.
The trade with JP Morgan was the first fully electronic standardised total return swap based on IHS Markit’s iBoxx UDS liquid high grade index at Tradeweb.
A report by IHS Markit found that UK market share in euro-denominated swaps fell from 40% to 10% in January.
A report by IHS Markit showed that in the first few weeks following the UK’s departure from the EU the US venues saw global trading in dollar swaps rise from 36% to 48%.
The new company will combine the two entities’ post-trade services, offering trade processing and risk mitigation operations in the OTC markets.
The two firms have collaborated since 2019 when IHS Markit selected Cappitech’s platform for its securities financing transactions regulation (SFTR) solution.
Seiichiro Miyaoka joins IHS Markit as head of the Global Markets Group in Asia from broker dealer Mizuho Securities.
Trading and securities services clients will gain access to IHS Markit macroeconomic data via the JP Morgan DataQuery platform.