AxiomSL rolls out reporting solution for energy & commodities sector | Financial Industry & Algorithmic Trading News

Ed Royan, AxiomSL

Ed Royan, AxiomSL

AxiomSL, the provider of regulatory reporting and risk management
solutions, is rolling out its trade and transaction reporting
solution to one of the major oil and gas producers with global
trading and hedging activities.

The firm has developed particular modules for energy market
participants and non-financial firms to help meet the reporting
requirements of non-financial entities. Most recently, AxiomSL
has added support for NFC +- threshold calculations. It is also
developing an ancillary exemption module for MiFID II reporting
to continue to support non-financial institutions in meeting
regulatory requirements.

AxiomSL’s platform, Controller View, supports European Market
Infrastructure Regulation (EMIR), the Dodd-Frank Act, Regulation
on Wholesale Energy Market Integrity and Transparency (REMIT),
many other trade and transaction regulations – and in early 2018,
MiFID II. The platform supports all emerging and currently
registered Trade Repositories (TRs), Swaps Data Repositories
(SDRs), Approved Reporting Mechanisms (ARMs) and Approved
Publication Arrangements (APAs).

Ed Royan, Chief Operating Officer for AxiomSL EMEA said, “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.”

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