Post-trade processing firm Traiana will link to four European trade repositories (TRs) in time for the 12 February date by which market participants must report certain derivatives trade data under the European market infrastructure regulation.
Traiana will link to the four TRs – Chicago Mercantile Exchange, Depository Trust and Clearing Corporation, REGIS-TR and London Stock Exchange-owned UnaVista – through its Harmony TR Connect trade reporting service for OTC and exchange-traded derivatives.
The firm will link to other TRs beyond the February date for trade reporting.
The service will initially support FX and exchange-traded derivatives and equity derivatives, but will expand to other product sets over time, the firm said in a statement.
“Traiana helps financial market participants to meet global regulatory requirements and in Europe we will be able to deliver standardised and consistent trade reporting for our clients operating in the global derivatives market, no matter which trade repository they use,” said Andy Coyne, CEO of Traiana.
The link up means buy- and sell-side firms will have the ability to report to their TR of choice through the one service and it will also interoperate with Traiana’s clearing house connectivity solution, Harmony CCP Connect.