Southern Ridges Selects Catena TRACE for MAS Buy-Side Trade Reporting

7th November 2019 - Catena Technologies today announced that Southern Ridges Capital, a Singapore-based investment management firm, has selected its TRACE™ trade reporting platform to report OTC derivatives trades to the Monetary Authority of Singapore.

"Catena’s TRACE system will enable Southern Ridges to meet our immediate trade reporting regulatory obligations while also positioning us to more efficiently adapt our operations for future regulatory and technical changes," said Rachel Ang, Chief Operating Officer of Southern Ridges Capital. "We value efficient operations, and we chose Catena’s solution for its ability to seamlessly automate the end-to-end trade reporting process. We also appreciate the consultative approach that Catena has taken throughout the initial engagement, and we look forward to working together with Catena."

Catena Technologies' TRACE Reporting system enables financial institutions to report OTC and exchange-traded derivatives trades to regulators across the globe via multiple trade repositories, approved reporting mechanisms (ARMs), and approved publication arrangements (APAs). The system manages the end-to-end reporting and reconciliation workflow by automatically capturing, normalizing, calculating, enriching, transforming, and submitting the required information to trade repositories.  It can also reconcile trade repository data with a firm’s in-house and external data sources. Catena TRACE Reporting is a dedicated platform that manages all functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support, including G20 jurisdictions such as ASIC, MAS, HKMA, and EMIR, as well as MiFID II and Securities Financing Transaction Regulation (SFTR).

"The Catena team is delighted to be working with Southern Ridges," said Aaron Hallmark, CEO of Catena."The Southern Ridges team has demonstrated its commitment to operational efficiency throughout our engagement, coupled with a powerful command of financial market standards. We look forward to working in partnership to roll out Catena’s off-the-shelf MAS trade reporting solution."

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.  

About Southern Ridges Capital

Founded by Mohit Khurana and 14 other team members in 2018, Southern Ridges Capital is an investment firm managing fixed income, currency assets and their derivatives by employing discretionary macro and relative value investment strategies. As of Jan 2019, the firm has assets under management of approximately USD 800 million. The firm is regulated and licensed in Singapore by the Monetary Authority of Singapore.

For more information, contact:  

Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Singapore 048693
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881