LONDON and NEW YORK, July 8,
2020 /PRNewswire/ -- TriOptima, a leading
infrastructure service that helps to lower costs and to mitigate
risk in OTC derivatives markets, has extended data connectivity
between The Depository Trust & Clearing Corporation (DTCC)
Global Trade Repository (GTR) service and TriOptima's triResolve
platform to help market participants validate their reported
securities financing transactions as they prepare for Securities
Financing Transactions Regulation (SFTR) compliance.
Through this enhanced initiative, firms are now able to compare
and align DTCC GTR trade records with their reported data fields in
triResolve, allowing users to quickly identify and address any
discrepancies, as well as amend reporting more quickly.
"From margin-lending transactions on a daily basis, to numerous
collateral updates and valuations, market participants face a huge
task when it comes to reporting," said Raf Pritchard, Head of
triResolve. "This collaboration with DTCC is an important step to
ensuring accuracy of data in the repositories for a traditionally
under-reported part of the market."
"As Europe's largest trade repository, we remain committed to
working with third-party providers to help the industry prepare for
new regulatory reporting requirements," said Val Wotton, Managing Director, Product
Development & Strategy of Repository & Derivatives Services
at DTCC. "The extension of our relationship with triResolve to
cover securities financing transactions is key to achieving our
goal of promoting greater common standards across the market while
providing greater value to our clients."
Under SFTR, set to come into effect for phase-one and two
reporting on July 13, market
participants are fully responsible for the accuracy of information
when reporting their repo and securities lending transactions to
trade repositories either directly, or through a delegated third
party.
For more information on triResolve's portfolio reconciliation
platform, please visit https://www.trioptima.com/triresolve/.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
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