Traiana, the New York-based provider of post-trade services owned by UK interdealer ICAP, has announced it will connect to four trade repositories through its Harmony TR Connect trade reporting service to ease regulatory reporting.
The European Market Infrastructure Regulation (EMIR) will require institutions to report their derivatives trades to appropriate trade repositories starting February 12, 2014, Harmony TR Connect will provide them with a single point of connection for post-trade reporting of over-the-counter (OTC) as well as exchange-traded derivatives (ETD) trades.
Harmony TR Connect will offer connectivity to the CME, DTCC, Regis-TR, and UnaVista trade repository, but buy- and sell-side participants will be able to decide to report their individual trades to the trade repository of their choice using a unique transaction identifier (UTI).
"The messaging service provided by Traiana enables clients to submit multi-asset class, over-the-counter and exchange-traded derivatives data to our CME European Trade Repository in a simple and efficient manner," says Daniel Corrigan, executive director and CEO European Trade Repository, CME Group. "The efficacy of Traiana's messaging and UTI generation is key to this offering."
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails
- Waters Rankings 2017: All the Winners & Why They Won
- Former NLX Chief Takes Interim CEO Job at UK Fintech Body
- Waters Wavelength Podcast Episode 83: Systematic Internalizers & RegTech
- Power to the People: Will MiFID II Data Disaggregation Deliver on Cost Control Promises?
- UBS Backs AI over Blockchain for Wealth Management