Xtrakter Partners with CME European Trade Repository for Emir Reporting Tool
TRL will be providing technology to route, translate and validate derivative transactions to CME ETR. CME ETR will then be able to store the reported transactions and pair across other approved trade repositories to comply with the requirements of the European Market Infrastructure Regulation (Emir).
Under Emir, all over-the-counter (OTC) and listed derivative trades will be required to be reported to a registered trade repository as of February 12, 2014.
"Due to the impending February deadlines under Emir, this is a crucial time to ensure that all OTC and listed derivatives are reported to an approved trade repository," says Robert Urtheil, CEO at Xtrakter. "In light of CME Group's strong position in the derivatives markets, aligning with the CME ETR is consistent with our vision of providing efficient and technologically advanced reporting products for the European marketplace."
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