Traiana expands TR Connect regulatory offering
12 November 2014
London/New York, 12 November 2014 – Traiana, the leading provider of pre trade risk and post trade processing solutions, 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 services 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.
|Bryony Scragg ||Communications UK ||+44 (0) 20 7050 7124|
|Guy Taylor ||Communications US ||+1 212 341 9759|
|Candice Adam ||Argentus PR ||+44 (0)20 7397 2915|
Traiana, Inc. (www.traiana.com) provides global banks, broker/dealers, buy-side firms and trading platforms with services to monitor pre- trade risk and automate post-trade processing of financial transactions in listed and over-the-counter trading markets. Traiana's solutions and the Harmony Network have become the market standard for post-trade processing of foreign exchange, exchange traded derivatives, fixed income, CDS and synthetic and cash equity transactions. Traiana, an ICAP company, is headquartered in New York City with offices in Chicago, Hong Kong, London, Singapore, Tel Aviv and Tokyo.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.