London, 20 May 2015 – Gold-i, global market leader in trading systems integration is launching a Regulatory Reporting tool for MT4 brokers, thanks to a partnership with Confisio, leading provider of regulatory, compliance and operational solutions for the financial services industry.
Gold-i Reg Reporting, aimed at brokers of all sizes, provides a fully automated, cost-effective, end-to-end real time solution. Whilst the initial focus is on EMIR reporting, Confisio’s products and services also deal with post-trade processing and reporting in every jurisdiction in the world.
With this newly launched service, Gold-i clients can now meet all their legal reporting requirements through a single interface. The Gold-i software collects and consolidates all client data, which is then automatically forwarded to Confisio where the reports are collated, enriched in a compliant manner and submitted to the approved Trade Repositories. In simple terms, Confisio’s Genesis platform absorbs post-trade raw data and converts this into meaningful streamlined reports.
Tom Higgins, CEO of Gold-i comments, “EMIR reporting is complex and can be very time consuming. We recognised the need to help our clients to find a simple, lean and automated means of meeting their regulatory obligations and are delighted to partner with Confisio to launch our new service.
“Confisio has a proven track record in EMIR compliance, having already reported 300 million transactions on behalf of its customers, ensuring reporting requirements are rapidly and accurately met. A market leader in their field, they are an ideal partner for us, helping us to provide customers with a reliable, seamless reporting service across all asset classes and jurisdictions.”
Andreas Roussos, Head of Sales and Alliances at Confisio Group adds, “A key part of Confisio’s strategy is to build on its strategic relationships and establish collaborations with leading technology providers in order to help us further broaden our reach. We selected Gold-i because of its impressive client base and strong reputation for excellence. We are very much looking forward to a long and successful partnership with them.”
Confisio’s Genesis, which utilises Traiana’s TR Connect, provides an automated regulatory reporting solution via comprehensive static data management, connectivity and enrichment, enabling participants to comply with reporting regulations within the timeline set by ESMA.
Steve French, Director Regulatory Product Strategy, Traiana commented: “As the leading provider of post-trade regulatory solutions, we are delighted that TR Connect delivers the underlying infrastructure for the Gold-i Reg Reporting and Confisio Genesis EMIR reporting service. ”
The Gold-i Reg Reporting tool is now available and has been added to the rapidly growing portfolio of Gold-i products and services. Gold-i addresses four key areas: risk management, liquidity, integration and hosting and server management.
About Confisio’s Genesis
Confisio’s Genesis collects data from any 3rd party system and turns this into accurate reports which are then submitted to any approved trade repository, thereby minimizing the chance of back loading requests from the regulator. This includes reporting on collateral and mark to market valuations, making onerous reporting a seamless lean and effective process.
At a time when operational and compliance risks are becoming more complex and correlated, and regulatory pressures are mounting with reputational consequences, such service and expertise is vital for any compliance officer’s toolkit.
Traiana, Inc. provides global banks, broker/dealers, buy-side firms and trading platforms with services to monitor pre-trade risk and automate post-trade processing of financial transactions in listed and over-the-counter trading markets. Traiana’s solutions and the Harmony Network have become the market standard for post-trade processing of foreign exchange, exchange traded derivatives, fixed income, CDS and synthetic and cash equity transactions. Traiana, an ICAP company, is headquartered in New York City with offices in Chicago, Hong Kong, London, Singapore, Tel Aviv and Tokyo. For further information, please visit www.traiana.com