28 February 2017
Visit dh.com

Message Automation helps eight clients meet Emir trade reporting deadlines

26 February 2014  |  898 views  |  0 Source: Message Automation

Derivatives connectivity and regulation specialist Message Automation Limited (MA) has successfully helped eight clients to hit the challenging EMIR trade reporting deadlines on Feb 12th.

The clients include leading banks in North America, UK, Europe and Russia as well as a major UK buy-side company and two significant public sector financial institutions in Northern Europe. The implementations covered all OTC asset classes - Rates, Credits, Equities, FX and Commodities - as well as Listed Derivatives across multiple trade repositories. The projects also included delegated reporting on behalf of the organisations' clients.

Six of the clients were new to Message Automation, as recently as December. The other two expanded on existing implementations of MA's futureLANDSCAPE solution facilitating Dodd Frank Reporting, CCP connectivity, and links to affirmation platforms.

Neil Thomas, MA's CTO commented "It has been a challenging and exciting few weeks given the deadlines, the complexity and the fact that this was new territory to everyone involved - Clients, Suppliers and Repositories.

Particular challenges which we overcame included:
• UTI exchange and subsequent re-submission
• Sourcing trade data from multiple internal systems
• Delegated reporting with and without self-reporting
• Confirmation date and time updates and subsequent re-submission
• Additional party information, such as corporate sector etc., for self-reporting and/or delegated reporting"

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
14184 views comments | 53 tweets | 74 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
8201 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7960 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7792 views comments | 19 tweets | 18 linkedin
Barclaycard strikes new wearable deals for contactless jewellery and watchesBarclaycard strikes new wearable deals for...
7274 views comments | 17 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job