oneZero, a financial services technology solutions provider, announced on Tuesday that it will allow its clients to select any post-trade regulatory vendors available in the oneZero’s EcoSystem.

Once selected, the post-trade regulatory vendors will be able to access the client data from Data Source, oneZero’s cloud-based business intelligence toolkit. This service, according to the company, will significantly reduce its client regulatory reporting time.

“oneZero’s ongoing objective is to give control to our clients,” oneZero Co-founder and CEO, Andrew Ralich said in a statement. 

“This initiative puts post-trade solutions on a level playing field for clients, as they are able to use and compare their internal post-trade reporting solutions with solutions provided by oneZero and by third party regulatory vendors so that they can select the solutions that are right for them.”

Regulatory Vendors Are Optimistic

The oneZero Ecosystem is a distribution channel of multi-asset class liquidity with over 200 participants, including banks, brokerages, and various hedge funds. It is the largest global network of multi-asset class liquidity and a highly progressive model both in terms of software and the access it provides to a broad list of derivative products.

The recent extension of its services will allow its clients to choose more than one post-trade vendor for regulatory reporting in multiple jurisdictions. Three top regulatory reporting vendors on oneZero’s Ecosystem are EMIREP, Point Nine, and SteelEye.

“EMIREP is dedicated to regulatory reporting for EMIR, MIFIR, SFTR, and best execution to provide clients with customized managed services while reducing their costs by combining compliance expertise with technological intelligence,” EMIREP Head of Strategy, Martin Meyer said. “Integration into oneZero’s EcoSystem is a real added value for our common clients.”

“We are pleased to extend this service to oneZero clients by joining the oneZero EcoSystem,” Alexia Kokkinou, Client Success Manager at Point Nine, said boasting its proprietary regulatory reporting technology.

“SteelEye is a trusted compliance vendor for MiFID II, EMIR, MAR, Dodd-Frank, and more,” SteelEye’s Helen Bevis added. “Seamless access to oneZero data in SteelEye increases efficiencies for joint clients as they streamline their compliance data management processes.”