Gresham, RegTek.Solutions partner on delivering new transaction reporting solution

Transaction reporting solution for buy- and sell-side firms aimed at fulfilling compliance requirements for EMIR, MIFIR, Dodd-Frank.

Reconciliation technology vendor Gresham Technologies and compliance technology specialist RegTek.Solutions have partnered to launch a new regulatory solution for transaction reporting.

The Reconcile.Trade solution provides buy- and sell-side firms with a solution to meet the regulators’ requirement to ‘regularly reconcile front-office trading records against data samples provided to them by competent authorities’, either via a trade repository or an approved reporting mechanism (ARM).

The solution runs on Gresham’s Clareti platform to provide operations and compliance teams with transparency and greater control over the accuracy of reported data.

 “Our clients trust us to provide the most comprehensive regulatory intelligence, but also importantly to give them the operational flexibility they need to achieve their quality, completeness and accuracy ambitions,” said Brian Lynch, chief executive of RegTek.Solutions.

“Gresham are uniquely positioned as a leader in the data integrity domain, replacing legacy reconciliations at top tier firms around the world with their modern, scalable architecture. We are delighted to be partnering with them to expand Reconcile.Trade’s footprint.”

Reconcile.Trade’s first client has gone live with the solution in response to a regulatory investigation of its Dodd-Frank reporting by remediating the gaps in controls identified by the regulator.