OpenLink Launches New Business Intelligence Software for OTC Products Regulations
New regulations have been the talk of the industry since the 2008 recession, with Dodd Frank already intact European regulators are keen to implement new rules affecting over the counter products. Firms offering OTC products are lumbered with thousands of pages of new guidelines affecting their daily practices OpenLink Financial LLC (OpenLink),a Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions firm has launched a new business intelligence software in line with guidelines being set under European Market Infrastructure Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (EMIR). The solution is an extension of OpenLink's CubeIntelligence portfolio, the EMIR Cube is being unveiled at E-world this week.
The new online analytical processing (OLAP) based cube offering provides financial institutions and organizations in other verticals, particularly energy firms, participating in bilateral over-the-counter (OTC) derivatives trading a speedy and cost-effective way to comply with the new clearing and reporting requirements.
"Helping our clients across all sectors comply with industry regulations has always been a priority for us," said Dr. Mark Greene, CEO of OpenLink. "Firms are increasingly using derivatives to hedge and diversify their trading strategies to increase alpha and stay competitive. Our CubeIntelligence team has developed the OpenLink EMIR Cube to ensure clients continue to have access to the OTC market while remaining compliant with the new regulations set to come into force this year."
The OpenLink EMIR Cube offers firms the ability to:
- Generate the regulatory reports that firms must provide daily to trade repositories, including the 30-day moving average
- Calculate and record the sum of the absolute values of the notional outstanding portions of current sales
- View the EMIR values for the entire firm and also drill down, by internal firm structure (book), product, trade type and other categories into trade level detail if required
- Specify which trades, books or products are in scope of the regulations so users can filter on these criteria to calculate the EMIR values for the in-scope trades only
- Run "what ifs?" scenarios to see how the EMIR values would change in certain circumstances
"Using the sophisticated OLAP approach, the new cube provides industry-leading support for our clients for the EMIR rules," commented David Priestley, founder of CubeLogic and Managing Director at OpenLink. "The new cube allows firms trading OTC derivatives in Europe to manage risk while remaining compliant and producing all the mandated reports and complex calculations in a timely and efficient manner."
Spot FX has been exempt from Dodd Frank rules however client assets and segregation of client money is a hot topic in MIFID II.
New regulations have been the talk of the industry since the 2008 recession, with Dodd Frank already intact European regulators are keen to implement new rules affecting over the counter products. Firms offering OTC products are lumbered with thousands of pages of new guidelines affecting their daily practices OpenLink Financial LLC (OpenLink),a Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions firm has launched a new business intelligence software in line with guidelines being set under European Market Infrastructure Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (EMIR). The solution is an extension of OpenLink's CubeIntelligence portfolio, the EMIR Cube is being unveiled at E-world this week.
The new online analytical processing (OLAP) based cube offering provides financial institutions and organizations in other verticals, particularly energy firms, participating in bilateral over-the-counter (OTC) derivatives trading a speedy and cost-effective way to comply with the new clearing and reporting requirements.
"Helping our clients across all sectors comply with industry regulations has always been a priority for us," said Dr. Mark Greene, CEO of OpenLink. "Firms are increasingly using derivatives to hedge and diversify their trading strategies to increase alpha and stay competitive. Our CubeIntelligence team has developed the OpenLink EMIR Cube to ensure clients continue to have access to the OTC market while remaining compliant with the new regulations set to come into force this year."
The OpenLink EMIR Cube offers firms the ability to:
- Generate the regulatory reports that firms must provide daily to trade repositories, including the 30-day moving average
- Calculate and record the sum of the absolute values of the notional outstanding portions of current sales
- View the EMIR values for the entire firm and also drill down, by internal firm structure (book), product, trade type and other categories into trade level detail if required
- Specify which trades, books or products are in scope of the regulations so users can filter on these criteria to calculate the EMIR values for the in-scope trades only
- Run "what ifs?" scenarios to see how the EMIR values would change in certain circumstances
"Using the sophisticated OLAP approach, the new cube provides industry-leading support for our clients for the EMIR rules," commented David Priestley, founder of CubeLogic and Managing Director at OpenLink. "The new cube allows firms trading OTC derivatives in Europe to manage risk while remaining compliant and producing all the mandated reports and complex calculations in a timely and efficient manner."
Spot FX has been exempt from Dodd Frank rules however client assets and segregation of client money is a hot topic in MIFID II.