CloudMargin has integrated REGIS-TR within its solution to offer automated EMIR compliant swap data repository reporting of OTC derivatives to their clients.
London, UK (PRWEB UK) 12 October 2015
CloudMargin, the first cloud-based risk and margin management platform has completed its integration of automated links into REGIS-TR. This will have a huge, positive impact on CloudMargin’s clients who will now be able to adhere to EMIR compliant trade reporting automatically, avoiding the need for further third party solutions or middleware.
REGIS-TR is a leading central trade repository for derivatives transactions across multiple product classes and jurisdictions. The repository collects and administers details of transactions reported by CloudMargin’s clients, to give market participants and regulators an aggregated view of positions in compliance with current and upcoming regulation.
REGIS-TR is also a registered reporting mechanism (RRM) for REMIT and for ElCom reporting and its Europea Reporting Hub will also cover FinfraG, Securities Finance Transaction Reporting and MiFID II/MiFIR in the future.
Stuart McHardy, Managing Director and Co-Founder of CloudMargin, stated: “Thanks to this collaboration between ourselves and REGIS-TR, CloudMargin clients can rely on a market-leading solution for their regulatory reporting requirements, with this automated connection alleviating the stresses clients face when struggling to stay compliant in an ever-changing regulatory landscape”.
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CloudMargin is the collateral management technology provider. It meets the growing need for an affordable, understandable and functionally complete alternative to out-dated and overpriced technology, spreadsheets, or manual processes. CloudMargin focuses on the needs and challenges facing firms such as corporate treasurers, insurers, pension funds, banks and asset managers. CloudMargin allows users to avoid the unnecessary and expensive complications of highly bespoke sell-side focused solutions and instead deliver to these firms a cost-effective and understandable web-based platform. With a low-cost "pay as you go" menu-based price structure, CloudMargin allows users to diminish lengthy technology contracts with punitive exit clauses and costly upgrade cycles. The simple yet powerful web-based interface gives total visibility of proprietary and counterparty or CCP positions, while state of the art data visualization and reporting puts clients firmly in control of their businesses. For your free 30 day, risk free trial, please contact us.
For the original version on PRWeb visit: http://www.prweb.com/releases/2015/10/prweb13014020.htm