27 May 2018

BT Investment Management selects Catena for OTC trade reporting

18 May 2016  |  1575 views  |  0 Source: Catena Technologies

Catena Technologies today announced that BT Investment Management, one of the largest investment managers listed on ASX, has selected the Catena TRACE Reporting™ solution to report OTC derivatives information to the Australian Securities and Investments Commission.

"Catena has helped various financial institutions in Australia, including banks, superannuation funds, investment managers and FX brokers, to successfully report their OTC derivatives information to ASIC," said Hayden King, COO of BT Investment Management. "We selected Catena’s trade reporting solution because it covers our functional requirements for trade reporting across multiple asset classes. Also, Catena’s intensive focus on market and regulatory knowledge enables them to adapt to new requirements quickly, which is important to us. And Catena’s hosted platform provides BTIM a secure managed service that will help us reduce the infrastructure and operational cost associated with trade reporting.”

Catena Technologies' TRACE Reporting system enables financial institutions across the globe to report OTC derivatives trades to regulators via trade repositories. 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, as well as reconciling trade repository data with a firm’s in-house and external data sources. Catena TRACE Reporting is a unique platform that manages all functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support, including ASIC, MAS, HKMA, JFSA and EMIR. In addition, Catena’s hosted technology platform eliminates the burden of hardware and infrastructure procurement and maintenance and enables financial institutions to focus on value-add business activities.

"We are excited to be working with BTIM for trade reporting," said Aaron Hallmark, CEO of Catena. "TRACE Reporting provides BTIM a unified reporting service that aligns squarely with the firm’s ‘multi-boutique’ business model, where teams of leading investment professionals focus on core asset management activities, while other general management activities are delivered and maintained centrally. The firm’s selection of TRACE adds to the growing roster of investment management firms utilizing Catena’s products and services; we look forward to working with BTIM to deliver continual innovations that help them achieve increasing success.”

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