MAP FinTech integrates with DTCC’s Global Trade Repository for ASIC Reporting in Australia
“We are pleased to be collaborating with MAP FinTech to streamline client’s adoption and use of our GTR service in Australia and to facilitate ASIC trade reporting“ said ASIC’s Oliver Williams
FX industry regulatory technology provider MAP FinTech today announced that ithas expanded its strategic collaboration with The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry.
Under this enhanced partnership, MAP FinTech will serve as an aggregator of DTCC Global Trade Repository (GTR) service data in Australia to help clients meet reporting obligationsrequired by the Australian Securities & Investments Commission (ASIC). DTCC’s GTR is an industry-governed global trade reporting service, serving the operational and regulatory needs of Australia’s derivatives marketplace and iscurrently licensed as an Australian derivative trade repository (ADTR) by ASIC.
MAP FinTech’s innovative reporting Platform offerings, now integrated with DTCC’s GTR for trade reporting in Australia, offers a fully-automated on-boarding process, allowing the uninterrupted transfer of existing regulatory data in any format. This enables a seamless migration of data from CME/Abide or from any other third-party providers, easily and effortlessly with zero time-gaps.
MAP FinTech offers a comprehensive, cost-efficient and integrated solution with a 100% success rate that is delivered via a single platform along with the rest of the Polaris Platform offerings and the impeccable support services provided by an experienced and dedicated team of professionals.
Mark Ellis, Business Development Manager of MAP FinTech,stated, “We are committed to offering state-of-the-art scalable solutions that simplify the way our globally active financial services clients meet their regulatory requirements without encumbering operational flexibility. By extending our collaboration with DTCC, we ensure that our clients operating in Australia will continue to enjoy a best-in-class and cost-efficient ASIC solution, delivered via a single platform along with the rest of MAP FinTech’s offerings.
Oliver Williams, Executive Director and a Regional Head of DTCC’s GTR Business for Asia, added, “We are pleased to be collaborating with MAP FinTech to streamline client’s adoption and use of our GTR service in Australia and to facilitate ASIC trade reporting. As the licensed Australian derivative trade repository (ADTR) under ASIC, we look forward to continuing to serve this important market and our mutual clients.”
