CME Group and IHS Markit announced that they have agreed to combine their post-trade services into a new joint venture. The new company will include trade processing and risk mitigation operations. It will incorporate CME Group's optimization businesses – Traiana, TriOptima and Reset – and IHS Markit's MarkitSERV.

The combination of these complementary offerings will provide clients with enhanced platforms and services for global OTC markets across interest rate, FX, equity and credit asset classes. Market participants will benefit from a more efficient front-to-back workflow with enhanced connectivity and improved trading certainty. As a result, OTC market participants will be able to improve risk management and streamline post-trade operations.