Traiana Expands Reporting Service to Canada and Singapore

Post-trade specialist Traiana, owned by interdealer broker Icap, has expanded its regulatory reporting service to include asset classes mandated by Canadian and Singaporean regulators.
By Joe Parsons(2147488729)
Post-trade specialist Traiana, owned by interdealer broker Icap, has expanded its regulatory reporting service to include asset classes mandated by Canadian and Singaporean regulators.

The expansion of the TR Connect service has been made in response to increased trade reporting requirements.

The Monetary Authority of Singapore (MAS) implemented reporting requirements for buy-side firms trading certain OTC derivatives in June, while the Canadian Securities Administrators adopted the rules at the end of October for certain provinces.

Furthermore, reporting counterparties have demanded for more flexible, delegated reporting solutions capable of providing reconciliation processes, as demanded by regulators.

The firm states the ability to report interest rate and credit default swaps on a cross-jurisdictional basis, coupled with its existing solution for valuation and collateral reporting, means it can satisfy a firm’s global trade reporting requirements on either a direct or delegated basis.

“By including additional validation rules, new jurisdictions and asset classes, this is testament to the demand for a seamless process for post trade reporting,” adds Steve French, director of product strategy, Traiana.

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