AustralianSuper Selects Catena TRACE for OTC Derivatives Regulatory Reporting
15th September 2015 - Catena Technologies today announced that Melbourne-based superannuation fund AustralianSuper has selected its TRACE™ trade repository gateway product to report OTC derivatives trades to the Australian Securities and Investments Commission.
"Catena's TRACE system will enable AustralianSuper to meet our immediate trade reporting obligations efficiently and to position our operations strategically for future business and regulatory change," said Peter Curtis, Head of Investment Operations for AustralianSuper. "Operational efficiency is important to AustralianSuper, and the key feature that drove our decision is TRACE's unique ability to fully automate the trade reporting workflow coupled with a user-friendly interface. Also, given that AustralianSuper aims to constantly expand our capability to analyse data for business purposes like liquidity management and collateral optimization, TRACE's ability to consolidate trade, valuation, and collateral data will become increasingly important to the firm. We look forward to working with Catena as they continue to expand TRACE's data analysis capabilities."
Catena Technologies' TRACE product enables financial institutions to report OTC derivatives trades to regulators via trade repositories. The system captures, enriches and transforms derivatives trade information, automatically submits the required information to the trade repositories, and manages the end-to-end workflow and reconciliation between the trade repositories and a firm's trading systems. TRACE aligns with the major trade reporting initiatives in Asia Pacific, including those in Japan, Hong Kong, Singapore, and Australia.
"Our team is very excited to be working with AustralianSuper," said Aaron Hallmark, CEO of Catena Technologies. "Not only do they recognize the immediate cost and risk reduction that comes with automating the trade reporting process, but they also understand the value of consolidating and analyzing trade reporting data in order to fulfil strategic business purposes. Catena looks forward to working with the AustralianSuper team to meet its trade reporting requirements as well as continually evolving TRACE to help the firm meet its longer term business objectives."
AustralianSuper is one of Australia's largest superannuation funds with over 2 million members and almost AUD $92 billion in assets under management. One in ten working Australians is a member of the Fund.
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
External Relations Manager
+61 3 8648 3113 or +61 0411 698 499