Regulatory reporting provider MAP Fintech announced on Monday the expansion of its strategic partnership with UnaVista for offering EMIR trade repository (TR) services.
Currently, MAP Fintech is already using UnaVista’s services for the approved reporting mechanism (ARM) for MiFIR. The press release shared with Finance Magnates detailed that MAP FinTech will additionally integrate UnaVista’s trade repository solution for EMIR reporting.
Operating as MAP FinTech (UK) Limited and MAP Financial Technologies (Europe) Limited, MAP Fintech offers a range of regulatory reporting services including MiFIR reporting, ASIC reporting, best execution monitoring and reporting, CRS/FATCA reporting, eKYC, AML transaction monitoring, and market surveillance amongst others.
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According to the company, more than 170 global B2B clients are using MAP’s services for regulatory reporting.
“By extending our collaboration with UnaVista and their EMIR Trade Repository (TR) service, we ensure that our clients will continue enjoying a best-in-class and cost-efficient EMIR solution, delivered via a single platform along with the rest of MAP FinTech’s offerings,” a MAP Fintech representative said.
The Exit of Giants from a Crucial Market
This integration came as CME and Abide took an exit from the trade repository market.
“We are delighted to see the expansion of our collaboration with MAP FinTech to support market participants in migrating their regulatory reporting from CME’s Nex and Abide services to UnaVista. Together with MAP FinTech, we offer a fast and efficient response to this demand,” Michael Leach, managing director of global business development at UnaVista, added.