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Trade Processing
Futures Industry Association To establish trading relationships more quickly, reduce costs, save time and reduce days outstanding for fee payments, the FIA and 19 of the largest futures brokers selected Markit to specify, build, and operate a global electronic give-up agreement system. The system provides for creation and approval of agreements with fees. The system further automates the give-up process by providing agreement and fees electronically to exchanges and institutions for fee payment and reconciliation. Markit Compliance™ Markit Compliance provides institutional investors and broker-dealers with an electronic, "full-service bureau" methodology and platform to securely request, distribute and access counterparty and compliance information. Markit Trade Processing™ Electronic, all-inclusive solution for OTC derivative post-trade processing, including affirmations, confirmations, portfolio reconciliation and links with industry utilities. MTP supports all asset classes.