Platinum Asset Management Selects Catena for OTC Reporting Needs

Singapore-based Catena Technologies, a provider of technology solutions for the financial services industry, announced today that Platinum Asset Management, an Australian investment manager, has gone live using the Catena TRACE Reporting solution.

The solution was chosen to help Platinum report its over-the-counter (OTC) derivatives information to the Australian Securities and Investment Commission (ASIC) across multiple asset classes where the firm has related OTC derivates reporting Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term.

Catena connects to CME Group

The TRACE Reporting solution allows financial firms to report OTC derivative trades to regulators through trade repositories around the world. In order to perform trade reporting for Platinum, TRACE Reporting connects to CME Group’s Trade Repository service in Australia.

The platform handles trade reporting requirements related to cross-asset coverage, valuation, collateral reporting, reconciliation, and other data that trade-repositories receive from financial institutions – and which are relayed to regulators under relevant compliance rules.

In addition to ASIC, Catena TRACE Reporting is supported across multiple jurisdictions in the region including MAS in Singapore, HKMA in Hong Kong, EMIR and MiFID II in Europe.

Commenting on the news, Aaron Hallmark, CEO of Catena, said: "We are pleased to extend our trade reporting coverage to CME Group. Our integration with CME Group’s Trade Repository demonstrates our ability to easily adapt to new platforms.

Likewise, Catena’s effective management and implementation capabilities enable the TRACE Reporting platform to support new regulatory reporting regimes, such as Europe’s Securities Financing Transactions 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 (SFTR)."

Jonathan Thursby, Head of Global Repository Services, CME Group, added: "CME Group is pleased to work with Catena in providing customers with robust and cost-effective trade reporting solutions.

With trade repositories licensed in Australia, Canada, Europe and the United States, CME Group is well-placed to help our clients fulfil their reporting obligations. Connecting to firms like Catena to provide reporting across multiple trade repositories will bring clear benefits to our customers in Australia and other markets."