Traiana and Confisio will together provide a middleware trade reporting solution to Confisio clients in Cyprus ahead of the impending 12 February European Market Infrastructure Regulation (EMIR) deadline.

Confisio and Traiana's TRConnect service is a middleware trade reporting solution to achieve accuracy and certainty of compliance for buy and sell side firms. A delegated reporting infrastructure enables participants to keep trade repositories up to date across the trade lifecycle. The solution is designed to automate the challenges around UTI sharing and LEI generation/tagging and delegated reporting for EMIR compliance.

It offers unrivalled participant connectivity with data mapping/enrichment and trade repository connectivity. The result is a comprehensive matching/reconciliation service for vendor-delegated and single-sided trade reporting.

"I am excited about this partnership with Traiana," said Christodoulos Papadopoulos, Confisio CEO. "It is confirmation that we will always conduct our business in a way that not only meets but exceeds the expectations of both our customers and business partners. Traiana allows us to fully deliver the requirements set by ESMA for EMIR Reporting by giving us strong back-end capabilities and business foundation. We look forward to further expanding our pre and post trade collaboration in the future."

Roy Saadon, co-founder of Traiana commented: "Traiana's partnership with Confisio in Cyprus reflects our overall strategy to reach a broader range of clients across Europe to help them fulfill their new regulatory obligations. Confisio delivers a competitive and efficient solution for market participants that permits proper and timely EMIR reporting and we are very pleased to be working with them."

The Traiana - Confisio Solution is a complete IT solution offering multi-asset-class support, technological advantages and automated procedures and expert IT providers in financial services.