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Screenshot of a breaking news alert e-mail from Q2 2017
ICAP’s pre-trade risk and post trade processing solution provider Traiana has announces that TR Connect, its multi-jurisdictional regulatory reporting service, has been further enhanced to help firms meet the challenges of regulatory reporting on a global basis.
Building on existing support for the US (CFTC), Australia (ASIC), Hong Kong (HKMA) and Europe (EMIR), the Traiana service has been expanded to satisfy the reporting requirements for all asset classes mandated by the Canadian Securities Administrators (CSA) and the Monetary Authority of Singapore (MAS).
The ability to report Interest Rate Swaps (IRS), Credit Default Swaps (CDS) and Commodities on a cross jurisdiction basis, coupled with Traiana’s existing support for the reporting of valuation and collateral and comprehensive USI/UTI management solutions, means that the service can now satisfy a firm’s global trade reporting requirements on either a direct or delegated basis.
The expansion of the TR Connect service has been made in response to increased trade reporting requirements coupled with demand from clients and their reporting counterparties for more flexible, delegated reporting solutions capable of providing visibility into reconciliation processes, as demanded by regulators.
Steve French, Director of Product Strategy, Traiana commented: “Traiana helps financial market participants around the world meet their global regulatory requirements across a number of jurisdictions. The expansion of our TR Connect service supports these changes. By including additional validation rules, new jurisdictions and asset classes, this is testament to the demand for a seamless process for post trade reporting.”
TR Connect provides customers with a single point of connection for post trade reporting of both listed and OTC derivative trades. It provides a messaging hub for connectivity between market participants and trade repositories, supporting the workflow, routing and state management required to fulfill regulatory reporting requirements.
For the official announcement from ICAP, click here.