Sapient Global Markets reveals outsourced CMRS
13 January 2016 Boston
Image: Shutterstock
Sapient Global Markets has launched its new CMRS Portal, a fully outsourced version of its CMRS trade reporting platform.
The new self-service solution is intended to help firms stay on top of compliance reporting with minimal investment in infrastructure and integration.
It is designed primarily for firms with low volumes of reportable derivatives trades as, for them, the initial and ongoing costs of implementing and maintaining an in-house system are not always economically viable.
The CMRS Portal removes the need for additional staff or capital investment and automates processing, validation, matching and reporting of trade data.
It can currently support various reporting requirements in Australia, Canada, Singapore and Hong Kong, and requirements under the Dodd-Frank Act and the European Market Infrastructure Regulation.
In 2016 Sapient intends to extend the service to cover reporting rules under the Markets in Financial Instruments Directive (II) and Regulation, the Securities Financing Transaction Regulation and Money Market Statistical Reporting.
Arun Karur, vice president at Sapient Global Markets, said: “With CMRS Portal we are providing trade compliance as an outsourced self-service, without compromising on the functionality or robustness of the underlying CMRS platform.”
He added: “CMRS Portal delivers full visibility in to the reporting process and a level of assurance at a lower total cost of ownership. It also offers the ability for firms to sign-up and report trades within a matter of days, delivering a much faster time to market.”
The new self-service solution is intended to help firms stay on top of compliance reporting with minimal investment in infrastructure and integration.
It is designed primarily for firms with low volumes of reportable derivatives trades as, for them, the initial and ongoing costs of implementing and maintaining an in-house system are not always economically viable.
The CMRS Portal removes the need for additional staff or capital investment and automates processing, validation, matching and reporting of trade data.
It can currently support various reporting requirements in Australia, Canada, Singapore and Hong Kong, and requirements under the Dodd-Frank Act and the European Market Infrastructure Regulation.
In 2016 Sapient intends to extend the service to cover reporting rules under the Markets in Financial Instruments Directive (II) and Regulation, the Securities Financing Transaction Regulation and Money Market Statistical Reporting.
Arun Karur, vice president at Sapient Global Markets, said: “With CMRS Portal we are providing trade compliance as an outsourced self-service, without compromising on the functionality or robustness of the underlying CMRS platform.”
He added: “CMRS Portal delivers full visibility in to the reporting process and a level of assurance at a lower total cost of ownership. It also offers the ability for firms to sign-up and report trades within a matter of days, delivering a much faster time to market.”
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