Hobart partners with Markit for commission management
21 November 2013 London
Image: Shutterstock
Hobart Capital Markets, a leading UK agency broker, has partnered with Markit, a global financial information services company, to provide a commission management solution for buyside customers.
The arrangement enables buyside customers to adopt a 鈥榦ne-stop鈥� solution, allowing them to direct CSA related trades to Hobart鈥檚 execution platform, while reconciling those trades, along with the tracking of commission flows and management of third party payments, in a single location.
Simon Gamse, partner at Hobart, said: 鈥淲ith a robust infrastructure and secure IT capability, customers can take advantage of Hobart鈥檚 UK and European execution capabilities and leverage Markit鈥檚 Commission Manager platform in order to manage and allocate commission credits efficiently. This allows customers to execute trades via Hobart and track and manage commission payments via Markit, safe in the knowledge they have adhered to best practice.鈥�
Tim Sargent, managing director at Markit, said: 鈥淲e are delighted that Hobart has chosen to offer buyside customers access to Markit鈥檚 Commission Manager, alongside their trading and execution capabilities. This enables buyside customers to streamline their workflow processes and demonstrate they are efficiently managing and accounting for their CSA payments.鈥�
The arrangement enables buyside customers to adopt a 鈥榦ne-stop鈥� solution, allowing them to direct CSA related trades to Hobart鈥檚 execution platform, while reconciling those trades, along with the tracking of commission flows and management of third party payments, in a single location.
Simon Gamse, partner at Hobart, said: 鈥淲ith a robust infrastructure and secure IT capability, customers can take advantage of Hobart鈥檚 UK and European execution capabilities and leverage Markit鈥檚 Commission Manager platform in order to manage and allocate commission credits efficiently. This allows customers to execute trades via Hobart and track and manage commission payments via Markit, safe in the knowledge they have adhered to best practice.鈥�
Tim Sargent, managing director at Markit, said: 鈥淲e are delighted that Hobart has chosen to offer buyside customers access to Markit鈥檚 Commission Manager, alongside their trading and execution capabilities. This enables buyside customers to streamline their workflow processes and demonstrate they are efficiently managing and accounting for their CSA payments.鈥�
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