AxiomSL Extends its Trade and Transactions Suite to Commodities Space

AxiomSL, a provider of regulatory reporting, data, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions, has extended its trade and transaction reporting solution to the commodities space, helping strengthen its trading and hedging capabilities, per an AxiomSL statement.

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The group presently boasts a diverse suite of trade and transaction solutions for the financial services space. Ahead of the passage of MiFID II next year, AxiomSL is augmenting its focus to include the commodities and energy trading sector, which will build on its existing markets focus.

The extension is important for both existing and new clients who are eyeing the upcoming legislation as well as any respective reporting obligations. The development follows after a lengthy collaboration with energy-sector participants, helping formulate an acutely focused transaction solution for non-financial firms.

Controller View Platform

In particular, AxiomSL’s Controller View will aim to help firms report to multiple receiving parties simultaneously, across a variety of trade reporting regimes. Moreover, AxiomSL’s solution is compatible with all regimes and receiving parties.

The platform, Controller supports European Market Infrastructure Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (EMIR), the Dodd-Frank Act, Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), and other regulatory frameworks.

As such, it will also focus on emerging and currently registered Trade Repositories (TRs), Swaps Data Repositories (SDRs), Approved Reporting Mechanisms (ARMs) and Approved Publication Arrangements (APAs).

According to Ed Royan, Chief Operating Officer for AxiomSL EMEA, in a recent statement on the extension: “Energy and other commodity companies may be struggling with manual regulatory reporting requirements as it will take some time to adapt and automate their systems.”

“The convergence of financial and non-financial sector regulatory obligations is exposing commodity firms to reporting requirements beyond what they have been obliged to report in the past. In particular MiFID II will require near real time reporting, something which even financial firms are grappling to incorporate into their data management and reporting systems,” he added.

“Energy and commodity firms’ responses to evolving regulatory reporting requirements will extend beyond simply minor operational changes, to a broader rationalization of the organization and, in some cases, will require a review of a firms’ overall strategy,” explained Alex Tsigutkin, CEO of AxiomSL, in an accompanying statement.