Catena Technologies today announced that Platinum Asset Management, an equity-focused Australian investment manager, has gone live using the Catena TRACE Reporting solution to report OTC derivatives information to the Australian Securities and Investments Commission (ASIC).
TRACE Reporting connected to CME Group’s Trade Repository service in Australia to perform trade reporting for Platinum.
"We are pleased to extend our trade reporting coverage to CME Group," said Aaron Hallmark, CEO of Catena. "Our integration with CME Group’s Trade Repository demonstrates our ability to easily adapt to new platforms. Likewise, Catena’s effective management and implementation capabilities enable the TRACE Reporting platform to support new regulatory reporting regimes, such as Europe’s Securities Financing Transactions Regulation (SFTR)."
Catena Technologies' TRACE Reporting system enables financial institutions to report OTC derivatives trades to regulators across the globe 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. It can also reconcile trade repository data with a firm’s in-house and external data sources. Catena TRACE Reporting is a dedicated 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, EMIR, and MiFID II.
"CME Group is pleased to work with with Catena in providing customers with robust and cost-effective trade reporting solutions," said Jonathan Thursby, Head of Global Repository Services, CME Group. "With trade repositories licensed in Australia, Canada, Europe and the United States, CME Group is well-placed to help our clients fulfil their reporting obligations. Connecting to firms like Catena to provide reporting across multiple trade repositories will bring clear benefits to our customers in Australia and other markets."