Austria’s CMTA chooses deltaconX for regulatory compliance
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Austria’s CMTA chooses deltaconX for regulatory compliance 03 November 2021Austria Reporter: Jenna Lomax
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CMTA has chosen deltaconX to fulfil its Markets in Financial Instruments Regulation (MiFIR) obligations under Article 26 from 2022.
Article 26 of MiFIR outlines that investment firms that execute transactions in financial instruments shall report complete and accurate details of such transactions to the competent authority as quickly as possible, and no later than the close of the following working day.
deltaconX will also provide MiFIR transaction reporting services to its clients.
deltaconX is a full-service provider offering software and support packages catering for global financial-, energy- and commodity trading, as well as non-financial organisations, enabling them to meet their various regulatory reporting obligations.
CMTA's clients consist of banks, insurance companies, pension funds and investment companies not possessing their own reporting department, willing to outsource this task to CMTA.
Martin Strohmaier, chief compliance officer at CMTA, says: “With deltaconX we have found a very comprehensive solution but also a very flexible, knowledgeable and result oriented partner with whom we would like to extend our partnership over the coming months and years. The onboarding at deltaconX has been very streamlined and took us not even two weeks from starting the contractual discussions to go-live on production.”
Thomas Buk, CEO at deltaconX, comments: “We are delighted that CMTA has chosen deltaconX to support them with their own reporting requirements and to offer an added-value service to their clients. This partnership will help us support market participants of all sizes fulfilling their reporting obligations in an efficient way and to continue growing our community.”
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