Catena TRACE Selected as Best Trade Reporting Product by FOW Awards
19th October 2015 - The Futures and Options World (FOW) Awards for Asia 2015 has placed Catena Technologies' TRACE™ platform in the top position for the best product in the trade reporting category. The awards, decided by a panel of sixteen industry judges drawn from banks and other financial institutions across Asia, are focused on derivatives trading and financial risk management.
"Trade reporting is an area that has become vitally important to the market with regulatory mandates across the world bringing unprecedented complexity to the back office," said William Mitting, Publisher at FOW. "New technologies are innovating to meet the demands of clients harnessing the latest technology to deliver cutting edge solutions to clients. Catena was praised by judges for its platform which significantly simplifies reporting compliance and for its rapidly expanding footprint across Asia."
Government mandates have led to broad and deep regulatory reform in the global OTC derivatives markets that, in many cases, require reporting of OTC transactions to public trade repositories. Catena Technologies' TRACE platform makes it easy for financial institutions and other corporations to report OTC derivative trade, valuation, and collateral information to regulators. It captures, consolidates, enriches, and transforms trade information, automatically submits the required information to trade repositories, and manages the end-to-end workflow and reconciliation between the trade repositories and a firm's trading systems. TRACE also provides analytics capabilities, making use of consolidated derivatives data to support the front and middle offices beyond compliance-related functions.
Some of the features that helped put TRACE in the top spot at the FOW awards include support for all regulated asset classes, client delegated reporting, dashboards that enable users to effortlessly monitor trade submission status, and the choice of either on-premise or cloud-based service. These features provide customers with the ability to quickly adapt to new regulatory requirements and proactively manage potential compliance issues.
"We are very pleased that TRACE was recognised by FOW as the region's best trade reporting product," said Aaron Hallmark, CEO of Catena. "This achievement highlights Catena's ongoing commitment to making TRACE the premier solution for OTC derivatives reform. Based on customer demand, we plan to extend TRACE's data analytics capabilities in the upcoming 2.0 release. The industry should expect to hear more exciting news from Catena leading into 2016."
About Catena Technologies Pte Ltd
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has worked with customers across the world, including the U.S., U.K., Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise implementing cutting-edge solutions.
FOW is the leading News and Data service for the international futures and options industry. Since its inception in 1982, FOW has been at the heart of the futures and options market, providing essential reading for all involved in global derivatives and risk management. Updated daily by our team of financial journalists, specialist correspondents and data analysts, FOW is your one stop shop for highlighting essential news, analysis and data.
For more information, contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881