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IHS Markit Offers Valuation Data for OTC Derivatives Best Execution Compliance

IHS Markit announced that its OTC derivatives valuation data is available to financial institutions for best execution compliance. The time-stamped valuation data can help firms monitor intraday and historic transaction costs across interest rate, equity, FX, credit, commodity and structured product OTC derivatives. According to a story in MarketsMedia, evolving market practices and global regulations such as MiFID II, PRIIPS and RG 97 aim to gradually increase transparency on the execution quality of financial market transactions. As best execution requirements continue to broaden, the most complex trades in OTC markets have come into scope, creating a need for standardized valuation procedures and reporting documentation. Leveraging its Portfolio Valuations data and methodology, IHS Markit can calculate OTC trade slippage, which is the difference between the executed and expected price of transactions. 

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