"Regulatory and trade repository changes coming up in 2019 will require major changes to trade reporting systems, creating a compelling opportunity for banks, asset managers and brokers to review the accuracy, completeness, and scalability of their existing processes," said Aaron Hallmark, CEO of Catena Technologies. "Our partnership with USAM means that we are in position to support firms in Europe and North America with an efficient, comprehensive and cost-effective solution for derivatives reporting to multiple regulators."
TRACE Reporting automates collection of OTC derivatives data from internal systems and third-party trading platforms. It enriches trade data and transforms it to meet the exact specifications of global regulators. It also reconciles the responses received from trade repositories, providing real-time status information via an integrated dashboard that provides timely alerts and enables rapid remediation of potential reporting concerns.
"TRACE Reporting is a proven solution that improves compliance and reduces cost by automating derivatives trade reporting across all asset classes under regimes in the US and Canada, as well as the EU, Australia, Hong Kong, and Singapore," said Feargal O'Sullivan, USAM Group's CEO. "Clients around the world also benefit by working with Catena's subject matter experts, who proactively monitor the global regulatory landscape to anticipate, thoroughly understand, and provide early support for upcoming regulations, such as Securities Financing Transactions Regulation (SFTR)."
The partnership leverages USAM's presence in New York, Chicago, Toronto, London, Amsterdam, and Milan to augment Catena's own operations based in Singapore and San Francisco.
About TRACE
Catena Technologies' TRACE Reporting system reduces the cost and risk associated with reporting derivatives transactions to trade repositories in fulfillment of their global regulatory obligations. The system manages the end-to-end reporting and reconciliation workflow by automatically capturing, calculating, enriching, transforming, and submitting the required information to trade repositories. It can also reconcile trade repository data with a firm's in-house and external data sources. Catena TRACE Reporting is a comprehensive platform that manages all functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support, including ASIC, CFTC, MAS, HKMA, EMIR, MiFID II, OSC, and SFTR.
For more information, please visit www.catena-technologies.com or www.usamgroupcom.
Contact
USAM Group
***@usamgroup.com
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