Boutique provider of regulatory technology (regtech) for over 15 years, Cappitech, today announced the launch of its EMIR regulation dashboard to help power the analysis of its reporting tools for firms that report over-the-counter (OTC) and exchange-traded derivatives (ETD) in Europe, using its Capptivate platform.
EMIR regulation went into effect in February 2014, yet Cappitech notes that firms incur expenses of over one billion USD each year and expects that figure to grow as more firms – including 3rd party companies – comply with the required reporting.
The firm services clients such as eToro, ITG, and Traiana and plans on showcasing its new solution at this week’s iFX EXPO in Cyprus, as a multitude of providers and thousands of industry people will attend the much-awaited event that is co-organized by Finance Magnates and Conversion Pros.
“EMIR regulation is a difficult and expensive process to comply with,” stated Ronen Kertis, CEO of Cappitech, commenting in the company’s announcement.
Mr. Kertis added: “Along with introducing automation through our Capptivate platform, we wanted to provide more value adding features for our customers. We believe that through our dashboard, compliance officers and risk personnel will be able to gain more insight on their EMIR regulation reporting and easily be able to drill down to review individual orders.”
Viberate Teams Up with Blockparty to Deliver World’s First Live Event NFTGo to article >>
The company offers its Capptivate platform that connects clients to trade data and maps to conform with the required fields that need to be reported to the regulators in Europe. The platform validates the data while reporting it to the trade repositories (TRs) on behalf of the firms.
Enhanced with new dashboard
Cappitech launched the new dashboard in both web-based and mobile friendly versions, in order to give clients greater insight of their trade-related submissions via the use of visual-based reports, including the ability to search orders by a unique trade identifier (UTI) to see a chain of events surrounding an order.
The new solution enables firms to see trades per counterparty source, as well as asset class, according to the announcement. A screenshot below can be seen of the new dashboard features in the Capptivate platform.