AQMetrics Taps into DTCC’s Trade Repository to Foster Derivatives Settlement

The new connectivity with the DTCC’s Global Trade Repository will help push for higher market transparency, whilst strengthening risk mitigation.

AQMetrics, a provider of integrated risk and compliance software for the investment management industry, has augmented its cooperation and connectivity with the Depository Trust & Clearing Corporation’s (DTCC), according to an AQMetrics statement.

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AQMetrics utilizes a variety of solutions, including turnkey pre-and post-trade monitoring for Reg NMS, OATS and OTS reporting, UCITS Rules Monitoring, AIFMD Risk Management and Annex IV Reporting, AML/KYC and UBO Monitoring, EMIR Reporting, and OPERA Reports, among others.

The new connectivity with the DTCC’s Global Trade Repository will help foster higher market transparency, whilst strengthening risk mitigation and cost efficiency to worldwide over-the-counter (OTC) derivatives markets. This initiative specifically target clients in Europe, with the aim of streamlining EMIR regulations for participants that leverage the DTCC’s Global Trade Repository service.

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According to Geraldine Gibson, Chief Executive Officer (CEO), from AQMetrics, in a recent statement on the connectivity: “AQMetrics (AQM) provides clients with end to end data management solutions, from data preparation through to reporting to comply with existing and future regulation.”

“AQM’s working relationship with DTCC’s GTR will help bring efficiencies to mutual clients with reporting obligations under European Market Infrastructure Regulation (EMIR) and in the future, Markets in Financial Instruments Regulation (MiFIR).”

“Recently we have seen increased client demand for automated end to end EMIR reporting; and as a result we recognize the need to provide our clients with even more choice from our ‘One Stop’ shop,” Gibson added.

Last month, the DTCC made headlines after Markit acquired the position reconciliation technology assets of the DTCC’s Loan/SERV LLC. Per the transaction terms, the DTCC will continue to run its Loan/SERV application for Markit until it is fully assimilated into Markit’s Processing division.

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