FX industry software provider PlugIT and MAP-ERS, MAP S.Platis' EMIR reporting solution, have joined forces to create a new EMIR automation tool.

The tool is able to extract data and convert it automatically to an EMIR report, ready to be submitted to a trade repository via MAP-ERS. In keeping with the high standards of MAP-ERS, the tool has been rigorously tested to ensure it is ergonomic effectiveness as well as its fast processing and security protection.

Moreover, this tool enables the switch to MAP-ERS to become literally seamless, immediate and cost-efficient even if one is currently reporting to a Trade Repository (TR) directly or through another third party provider.

According to Alkis Aloneftis, MAP-ERS’ General Manager, “MAP-ERS is committed to providing innovative and tailor-made solutions at the most competitive prices. Our lower fees announced last month together with this automated EMIR Reporting Tool, render MAP-ERS the most economical and most efficient reporting solution in the market. We are now able to allow for fully-automated EMIR reporting in a click and at minimum cost, where this allows immediate on-boarding as well”.

More on MAP S.Platis' EMIR reporting tool can be seen here.