Mark Husler, CEO, UnaVista commented:
Hundreds of firms face the challenge of migrating their reporting processes away from CME, and need to do so quickly. Together with SteelEye, we offer a fast and efficient response to this demand and provide a wealth of other benefits to joint clients.
SteelEye’s EMIR and MiFIR reporting solutions in combination with UnaVista’s TR and ARM help smooth the migration from CME. SteelEye and UnaVista have also developed a data convertor which allows firms to continue using their existing reporting input files. Since MiFIR and EMIR reporting is fully integrated, the same data can be used for both reporting requirements.
Since its launch in 2017, SteelEye’s regulatory reporting suite has been adopted by a large number for clients. The suite offers a fully automated reporting process and allows effective management of breaks and validations.
The services ingest clients’ order and trade data and automatically compiles the daily EMIR/MiFID II transaction reports. Clients can choose automatic or manual submission of their reports to UnaVista. After that all reports are validated against the reporting criteria, which can be easily managed within the SteelEye dashboard. By consolidating the data required for reporting, clients gain access to big arsenals of analytics, including market abuse detection, portfolio analysis and Net-Asset-Value calculations.
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