Catena Technologies today announced that Platinum
Asset Management, an equity-focused global investment manager based in
Australia, has gone live using Catena’s TRACE Reporting solution to meet
its OTC derivatives transaction reporting requirements for European
Market Infrastructure Regulation (EMIR).
Platinum will also be taking advantage of enhancements to TRACE Reporting that support Australian lifecycle reporting, which is required by Australian regulators beginning in July of 2019. TRACE Reporting is a software-as-a-service (SaaS) platform that manages a wide range of functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support, including ASIC, CFTC, EMIR, HKMA, MAS, MiFID II, and Securities Financing Transactions Regulation (SFTR).
“We are pleased to extend value that TRACE provides to Platinum Asset Management by extending it to address their European trade reporting requirements and Australian lifecycle reporting needs,” said Aaron Hallmark, CEO of Catena. “Catena’s commitment to support changing as well as new trade reporting requirements, such as SFTR, enables customers to use a single, strategic platform to address all their trade reporting needs and dramatically reduce the cost of ongoing compliance.”
Catena Technologies’ TRACE Reporting system enables financial institutions to report both OTC derivatives and exchange-traded transactions to regulators across the globe via trade repositories, approved reporting mechanisms (ARMs), and approved publication arrangements (APAs). 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, as well as provide data lineage and statistical analytics that help firms to better assess their trading and operations patterns.