OpenLink Financial, a provider of cross-asset trading, risk management and operations processing software solutions, has launched a Large Trader Reporting solution to help firms report to the U.S. Commodity Futures Trading Commissions (CFTC) following expanded market surveillance by the regulator as mandated in Dodd-Frank.
In the CFTCs Larger Trader Reporting System, clearing members, futures commission merchants and foreign brokers must file daily reports on swap and swaption positions with the CFTC. OpenLinks CFTC Large Trader Reporting solution is an XML-based reporting package allowing firms to report directly to the CFTC. It covers all current CFTC commodity codes and may be integrated with OpenLinks workflow scheduling tools.
Our CFTC Large Trader Reporting compliance solution leverages our industry leading market and technology expertise, says Phil Wang, OpenLink SVP of Product Management. We continue to deliver high-value solutions that provide our clients with immediate benefits, such as accelerated compliance times, minimal IT investment, and a maintenance-friendly solution that can readily adapt to future changes. It is our goal to stay up-to-date with the latest regulatory changes so customers can be confident their solutions will be compliant as the market evolves.
Kevin Hesselbirg, CEO of OpenLink, adds: For the past year and a half, we have been developing solutions to address the reporting challenges created by Dodd-Frank. Today, we are very proud to announce that our market experts are ready to demonstrate our Large Trader Reporting capabilities. OpenLink customers can rest easy that these regulatory requirements can be addressed quickly and cost effectively.
(CG)