Australian Manager with $77b in AuM Selects Catena for OTC Reporting Needs

BT Investment Management selects reporting solution from Singapore-based Catena.

 

Catena has helped various financial institutions in Australia, including banks, superannuation funds, investment managers and FX brokers, to successfully report their OTC derivatives information to ASIC.

 

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One of the largest investment managers listed on the Australian Securities Exchange (ASX), BT Investment Management (BTIM), with over $77 billion in Assets under Management (AuM) and a market capitilzation of $2.85 billion, has selected Singapore-based Catena Technologies for its Catena TRACE Reporting solution, according to a company press release form Catena.

The solution was chosen to help BTIM report its over-the-counter (OTC) derivatives information to the local regulator – the Australian Securities and Investment Commission (ASIC) – across multiple asset classes where the firm has related OTC derivates reporting obligations.

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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, JFSA in Japan, as well as EMIR in Europe.

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.

“Catena has helped various financial institutions in Australia, including banks, superannuation funds, investment managers and FX brokers, to successfully report their OTC derivatives information to ASIC,” added Hayden King, Chief Operating Officer (COO) of BT Investment Management, commenting in the official press release.

Mr. King concluded: “We selected Catena’s trade reporting solution because it covers our functional requirements for trade reporting across multiple asset classes.  Also, Catena’s intensive focus on market and regulatory knowledge enables them to adapt to new requirements quickly, which is important to us. And Catena’s hosted platform provides BTIM a secure managed service that will help us reduce the infrastructure and operational cost associated with trade reporting.”

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