Risk Focus to Support for CME Group’s European Trade Repository on Validate.Trade

Risk Focus to Support for CME Group’s European Trade Repository on Validate.Trade
07.06.2016 01:30 pm

Risk Focus to Support for CME Group’s European Trade Repository on Validate.Trade

Trading Systems

 

Risk Focus Inc., is pleased to announce it will now include support for CME Group’s European Trade Repository (ETR) European Market Infrastructure Regulation (EMIR) reporting validations on Validate.Trade, offering the industry’s first independent multi-repository validations.

This release also includes additional value-added rules from Risk Focus to supplement firms’ data quality control on the structure, content and integrity of the reported transactions and other client-requested controls. The CME ETR validation module is available to aid clients in both development and production activities, in addition to the existing Risk Focus support for the DTCC Global Trade Repository.

“With a growing list of Validate.Trade clients, we’re responding to a strong demand for support for CME Group’s global repositories and are excited to add CME ETR as our second repository integration,” said Brian Lynch, CEO of Risk Focus. “Validate.Trade is repository-agnostic. We continue to drive toward our mission of covering every major regulatory trade and transaction reporting regime, as well as helping our clients obtain their maximum reporting compliance.”

Jonathan Thursby, Head of Global Repository Services at CME Group, added: “We’re pleased to become a part of the Validate.Trade ecosystem. Risk Focus is a leader for independent validation of trade and transaction reporting, and we believe our European Trade Repository clients will benefit from the Validate.Trade platform’s capabilities.”

Risk Focus is quickly growing its capabilities and has formed a Client User Group to share best practices and, along with client demand, inform the Validate.Trade roadmap.  A future release will support Securities and Exchange Commission Security-Based Swaps Reporting, already in beta testing mode. Longer-term planning is underway for support of EU initiatives around the European Securities and Markets Authority’s (ESMA) EMIR rewrite, Markets in Financial Instruments Directive (MiFIR) II / MiFIR and Securities Financing Transactions Regulation.

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