23 October 2017
Register now

Helex selects UnaVista Rules Engine to assist in Emir reporting

17 February 2014  |  1423 views  |  0 Source: London Stock Exchange Group

London Stock Exchange Group (LSEG) announces that Hellenic Exchanges Group (HELEX) has selected UnaVista Rules Engine and Trade Repository solutions to assist with their regulatory reporting obligations under EMIR.

London Stock Exchange will also provide HELEX with assisted LEI registration services for all market participants in Greece who are active in trading derivatives contracts. UnaVista's product suite provides customers with a whole range of solutions to meet EMIR reporting requirements.

London Stock Exchange's Local Operating Unit will provide HELEX with the option to assist LEI registration and maintenance for the Greek market. This reduces the regulatory burden on both large and small market participants alike, providing the most suitable solution for a market with a large diversity of firms.

HELEX will use UnaVista's delegated reporting service to report all Greek derivatives trades to UnaVista Trade Repository, on behalf of up to 3,000 counterparties. All 33 member firms of HELEX will use UnaVista Rules Engine to provide a delegated reporting service for up to 32,800 market participants, reducing operational and counterparty risk. The Rules Engine takes raw data from multiple sources, validates using internal reference data and converts to the format specified by the regulator, before being submitted to the UnaVista Trade Repository.

Mark Husler, Global Head of Product Development, Information Services, LSEG: "The partnership between Hellenic Exchanges Group and UnaVista demonstrates the strength of our 'all-in-one' offering, which provides a complete regulatory reporting solution. By leveraging the relationship between LSEG regulatory reporting products and UnaVista's Trade Repository we were able to offer the most competitive EMIR regulatory reporting solution to Hellenic Exchanges Group."

Dimitris Karaiskakis, COO, Hellenic Exchanges, said: "We are delighted to strengthen our relationship with London Stock Exchange Group through this regulatory reporting infrastructure. It was imperative to Hellenic Exchanges that we could provide one solution to wholly cover the reporting aspect of the EMIR regulation while being efficient and compatible with our highly diverse market members. Such a streamlined solution gives us confidence that our relationships with member firms and market participants will be strengthened".

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16098 views comments | 18 tweets | 31 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13847 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10158 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10010 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
9017 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job