Singapore-based Catena Technologies, a provider of technology solutions for the financial services industry, announced today that Platinum Asset Management, an Australian investment manager, has gone live using the Catena TRACE Reporting solution.
The solution was chosen to help Platinum report its over-the-counter (OTC) derivatives information to the Australian Securities and Investment Commission (ASIC) across multiple asset classes where the firm has related OTC derivates reporting obligations.
Catena connects to CME Group
The TRACE Reporting solution allows financial firms to report OTC derivative trades to regulators through trade repositories around the world. In order to perform trade reporting for Platinum, TRACE Reporting connects to CME Group’s Trade Repository service in Australia.
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.
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In addition to ASIC, Catena TRACE Reporting is supported across multiple jurisdictions in the region including MAS in Singapore, HKMA in Hong Kong, EMIR and MiFID II in Europe.
Commenting on the news, Aaron Hallmark, CEO of Catena, said: “We are pleased to extend our trade reporting coverage to CME Group. Our integration with CME Group’s Trade Repository demonstrates our ability to easily adapt to new platforms.
Likewise, Catena’s effective management and implementation capabilities enable the TRACE Reporting platform to support new regulatory reporting regimes, such as Europe’s Securities Financing Transactions Regulation (SFTR).”
Jonathan Thursby, Head of Global Repository Services, CME Group, added: “CME Group is pleased to work with Catena in providing customers with robust and cost-effective trade reporting solutions.
With trade repositories licensed in Australia, Canada, Europe and the United States, CME Group is well-placed to help our clients fulfil their reporting obligations. Connecting to firms like Catena to provide reporting across multiple trade repositories will bring clear benefits to our customers in Australia and other markets.”