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EMIR reporting new connections and Regis-TR expand connectivity

Traiana, the bank and brokerage-owned provider of financial market pre-trade risk and post-trade solutions, has added four approved trade -  CME, DTCC, Regis-TR and LSE-owned UnaVista - repositories (TRs) in Europe to its Harmony TR Connect trade reporting service, in order to comply with the imminent European Market Infrastructure Regulation (EMIR). Traiana says that it will add connectivity to other EMIR TRs after the 12 February ‘go live’ date in Europe.

Harmony TR Connect in Europe is intended to help Traiana’s EU clients streamline their EMIR reporting duties and provide a single point of connection for post-trade reporting of OTC and ETD trades. The service will initially support foreign exchange (FX), ETDs and equity derivatives, with additional segments to be added later on, asserts the vendor.

The Misys Regulatory Reporting Service was launched in November also offering connection to four trade repositories. However, with the constant chopping and changing from ESMA and the repository formats and details, they have scaled back their offering connection just with Regis-TR. This was necessary in order to keep focus and be able to deliver a working solution on 12th February.

Regis-TR expand connectivity
REGIS-TR has recently expanded its connectivity suite to include SWIFT's FINInform option to re-use suitably enriched MT3xx FX confirmation messages in addition to XML and CSV formats via SWIFTNet FileAct. This new service allows quick set-up as corporates:

  • can re-use their existing SWIFT connection. 
  • do not need to produce a report for initial submission
  • can rely on the trade confirmations containing the required details to be automatically copied to REGIS-TR. 

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