Catena Technologies announced this Thursday that Singapore-based investment management firm, Southern Ridges Capital, has selected its TRACE trade reporting platform to report over-the-counter (OTC) derivatives trades to the Monetary Authority of Singapore (MAS).
The TRACE Reporting solution allows financial firms to report over-the-counter (OTC) derivative trades to regulators through trade repositories around the world. The platform handles trade reporting requirements related to cross-asset coverage, valuation, collateral reporting, reconciliation, and other data that trade-repositories receive from financial institutions – and which are relayed to regulators under relevant compliance rules.
Furthermore, the platform manages end-to-end reporting and reconciliation workflow. It does this by capturing, normalizing, calculating, transforming, and submitting the required information to trade repositories automatically.
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Commenting on the decision, Rachel Ang, Chief Operating Officer of Southern Ridges Capital, said: “Catena’s TRACE system will enable Southern Ridges to meet our immediate trade reporting regulatory obligations while also positioning us to more efficiently adapt our operations for future regulatory and technical changes.”
“We value efficient operations, and we chose Catena’s solution for its ability to seamlessly automate the end-to-end trade reporting process. We also appreciate the consultative approach that Catena has taken throughout the initial engagement, and we look forward to working together with Catena.”
Catena TRACE available in G20 jurisdictions
The TRACE reporting solution offers multi-jurisdiction support and is available for a number of G20 countries, such as in Australia with the Australian Securities and Investments Commission (ASIC), MAS, Hong Kong Monetary Authority (HKMA), and EMIR and MiFID II.
“The Catena team is delighted to be working with Southern Ridges,” added Aaron Hallmark, the CEO of Catena.”The Southern Ridges team has demonstrated its commitment to operational efficiency throughout our engagement, coupled with a powerful command of financial market standards. We look forward to working in partnership to roll out Catena’s off-the-shelf MAS trade reporting solution.”