Gresham Computing Launches Solution to Solve Trade Reporting Headaches

CTC includes a set of pre-defined rules that identify the eligible trades under Dodd-Frank, EMIR, REMIT, G20, MiFID and MiFIR, and allows for it to be compared validated and verified, to ensure financial institutions that the right data is being reported to the regulators.

"Data integrity and the growing need to prove data integrity across an institution is crucial," says Bill Blythe, the global business development director at Gresham. "It is about increasing governance, clarity, and putting strong practices and robust and flexible technology in place to generate risk reports and really meet a broad range of on demand requests spanning the data challenges that many institutions are facing today."

The transactional information travels from the front to the back office, and is then reported to the trade repositories, with the CTC ensuring that the data reported is accurate and validated.

Regulatory Burden

“From a regulatory landscape we are only just at the tip of the iceberg,” says Blythe. “If you look at the G20 requirements, MifID II and MIFIR, EMIR, it can be quite burdensome for firms, but it is not just about providing reporting services for them, it is also about bringing true validation and confidence that what you report is accurate.”

Gresham recently partnered with the CME Group and became a global repository partner to provide real-time integrity, control and validation of trade information, and ensure the correct rules and formats are applied.

“Everybody has been blindly sending their transactions to their respective trade repositories. We want to provide that real time and holistic integrity control of everything you send to the TR, or in this case the CME,” adds Blythe.

The built-in logic contained within CTC Transaction Reporting can automatically determine which trades need to be reported to which repositories and reporting entities, such as CME, UnaVista, MAS or the DTCC.