Droit launches latest ETD Reporting product 18 November 2024US Reporter: Clelia Frondaroli
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Droit has launched its latest Exchange Traded Derivatives (ETD) Reporting product, in a bid to enhance regulatory transparency and compliance with global reporting requirements for listed derivatives.
In light of increasing pressures on clearing firms to upgrade their reporting infrastructures, Droit’s new product aims to provide identification and management of reporting obligations. Although the product currently covers high-risk clearing, collateral and margin reports, the company says this will soon expand to a broader range of listed instruments.
Droit’s platform is further said to deliver clarity and accuracy for clearing firms navigating the complex regulatory environment.
Blythe Barber, head of business development, Americas at Droit, comments: “By using Droit for completeness and accuracy checks, clearing firms can adopt a single global process, significantly reducing the operational burden of current manual methods.”
Founder and CEO of Droit, Brock Arnason, adds: “ETD Reporting marks a key step in our strategy to expand our regulatory reporting products to listed derivatives. We aim to provide one platform to advance global compliance and real-time controls, helping our clients navigate these challenges with confidence.”
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