BT Investment Management Selects Catena for OTC Derivatives Trade Reporting
18th May 2016 - Catena Technologies today announced that BT Investment Management, one of the largest investment managers listed on ASX, has selected the Catena TRACE Reporting™ solution to report OTC derivatives information to the Australian Securities and Investments Commission.
"Catena has helped various financial institutions in Australia, including banks, superannuation funds, investment managers and FX brokers, to successfully report their OTC derivatives information to ASIC," said Hayden King, COO of BT Investment Management. "We selected Catena’s trade reporting solution because it covers our functional requirements for trade reporting across multiple asset classes. Also, Catena’s intensive focus on market and regulatory knowledge enables them to adapt to new requirements quickly, which is important to us. And Catena’s hosted platform provides BTIM a secure managed service that will help us reduce the infrastructure and operational cost associated with trade reporting."
Catena Technologies' TRACE Reporting system enables financial institutions across the globe to report OTC derivatives trades to regulators via trade repositories. The system manages the end-to-end reporting and reconciliation workflow by automatically capturing, calculating, enriching, transforming, and submitting the required information to trade repositories, as well as reconciling trade repository data with a firm’s in-house and external data sources. Catena TRACE Reporting is a unique platform that manages all functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support, including ASIC, MAS, HKMA, JFSA and EMIR. In addition, Catena’s hosted technology platform eliminates the burden of hardware and infrastructure procurement and maintenance and enables financial institutions to focus on value-add business activities.
"We are excited to be working with BTIM for trade reporting," said Aaron Hallmark, CEO of Catena. "TRACE Reporting provides BTIM a unified reporting service that aligns squarely with the firm’s ‘multi-boutique’ business model, where teams of leading investment professionals focus on core asset management activities, while other general management activities are delivered and maintained centrally. The firm’s selection of TRACE adds to the growing roster of investment management firms utilizing Catena’s products and services; we look forward to working with BTIM to deliver continual innovations that help them achieve increasing success.”
About BT Investment Management
BT Investment Management is one of the largest ASX-listed pure investment managers with a market capitalisation of around $2.85 billion and funds under management of $77.2 billion as at 31 March 2016. It was originally established in 1969 and was listed on the Australian Securities Exchange in 2007 as a specialist investment manager. BTIM’s long history of strong investment performance and client service has made it one of the most successful funds management businesses in Australia and one of the most recognised brands in the investment industry.
About Catena Technologies Pte Ltd
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has worked with customers across the world, including the U.S., U.K., Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise implementing cutting-edge solutions.
For more information, contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881