oneZero Financial Systems has become a registered service provider with CME Group, in essence making the group’s Australian Trade Repository reporting services fully compliant with the Australian Securities & Investment Commission (ASIC), according to a oneZero statement.

The move is important as it extends ASIC regulatory approval to both retail and prime brokers. The primary impetus behind the integration stems from oneZero’s bid to foster greater transparency across over-the-counter (OTC) markets, namely in such jurisdictions as ASIC.

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The initiative also follows on the heels of CME Group’s recent addition to the list of designated Australian trade repositories currently authorized to provide services for all asset classes to firms required to report, which includes brokers.

More specifically, oneZero has worked to develop a full service reporting solution with the aim of facilitating an automated means of populating, archiving, and certifying transaction-based records from oneZero’s Hub solution into ASIC-approved trade repository provided via CME Group.

Brokers utilizing oneZero’s Hub are also able to leverage the same integration to report their respective trading activity against clients and counterparties through oneZero’s consolidated and centralized location.

According to Jonathan Thursby, Head of CME Global Repository Service, in a recent statement on the integration: “The expansion of global trade repository services offered by CME Group has allowed us to provide best in class functionality, performance and client support in the way clients need and expect.”

“Specific to Australia, we identified oneZero as a key integration point across a vast number of retail brokerage firms, and a great fit for a channel alliance targeted at providing turn-key reporting services to meet the new regulatory requirements,” he noted.

Increased regulatory oversight is a trend we expect to continue both within Australia and globally

“oneZero is pleased to collaborate with CME Group to provide expanded services and capabilities to our client base in Australia. Increased regulatory oversight is a trend we expect to continue both within Australia and globally. We are investing heavily in identifying opportunities, and key partners such as CME Group, to provide automated reporting services on the back of our centralized execution technology,” added Andrew Ralich, CEO of oneZero in an accompanying statement.