Catena Advises on OTC Derivatives Trade Reporting Technology Strategies
4th July 2013 - Today Catena Technologies Pte Ltd COO, Aaron Hallmark, presented to trade reporting market participants with one of the world's largest global trade repositories for OTC derivatives financial products. During the information session, Mr. Hallmark outlined strategies for implementing a derivatives trade reporting solution and maximizing its utility for ongoing regulatory demands as well as new strategic business initiatives.
In the U.S., the Dodd-Frank Act requires all OTC Derivatives trades to be reported to a trade repository, and similar regulations have also been proposed recently across Asia Pacific. Implementing trade reporting requires banks to adapt existing organizations, systems, and processes. Compliance deadlines are compelling those banks to deploy urgent tactical solutions.
"Being able to quickly change business processes and IT systems is critical for adapting to the rapidly transforming trade reporting environment," said Mr. Hallmark. "Having a strategic plan that includes long-term business objectives and a well architected technology platform helps to provide this type of agility. Catena's TRACE™ offering helps financial services firms address these needs."
TRACE™ is Catena's collection of products and services that provide a streamlined solution for consolidating, transforming, and reporting OTC derivatives trades from trading systems to trade repositories and processing the responses. It also provides the strategic foundation for an internal trade repository with inquiry functions to support the emerging needs of real-time pre-deal limit checks and enterprise-wide risk management.
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 helped customers around 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