What’s new at ThinkLiquidity for trade reporting and risk management for 2016? Live from iFXEXPO in Hong Kong

As regulatory reporting and transaction rulings become increasingly stringent, specialist companies which provide risk management solutions are beginning to advance their services by partnering with large, global companies. Today, here at the iFXEXPO Asia 2016 hosted by ConversionPros and Finance Magnates, ThinkLiquidity senior executives Fred Gewirtz and Justin Biebel met with Andrew Saks-McLeod to discuss […]

What's new at ThinkLiquidity for trade reporting and risk management for 2016

As regulatory reporting and transaction rulings become increasingly stringent, specialist companies which provide risk management solutions are beginning to advance their services by partnering with large, global companies.

Today, here at the iFXEXPO Asia 2016 hosted by ConversionPros and Finance Magnates, ThinkLiquidity senior executives Fred Gewirtz and Justin Biebel met with Andrew Saks-McLeod to discuss the company’s direction with regard to this matter, and its new partnership with CME Group.

Yesterday, ThinkLiquidity announced its new partnership with CME Group’s Australian Securities and Investments Commission (ASIC) licensed Australian Trade Repository (ATR). under which the company will provide transaction reporting for brokers which are licensed by ASIC.

This new reporting solution facilitates an automated alternative for broekrs to fulfill their reporting requirements and obligations.

Mr. Biebel, who is Head of Operations and Risk Strategy at ThinkLiquidity explained “We have been very pleased with the onboarding process by CME Group, and we were able to turn this partnership around very quickly and we see this as a great way to attract new business.”

Mr. Gerwitz, a Senior Account Executive at ThinkLiquidity continued “Anything that we can do to support and ease the process that our clients have with regard to bureaucracy and meeting their regulatory requirements in a right and proper way is paramount, that way brokers can focus on their core business, developing client relationships, or expansion whilst having the peace of mind that their adherence to ever-tightening rulings is taken care of properly.”

“We began by partnering with CME Group to implement this solution in Australia because Australia was the low hanging fruit, there are not many repositories there at the moment, therefore we thought it was a good strategic move to partner with CME to begin this process in what is well recognized as a very good jurisdiction for regulatory structure” said Mr. Biebel.

“We plan to build further on this by expanding the relationship with CME Group to encompass the European Market Infrastrucure Requirements (EMIR) to provide full coverage of European regulatory requirements for brokers in Britain, Cyprus and mainland Europe” continued Mr. Biebel.

What else is new this year?

“Maybe as a transition, this is just one of many new products that we are looking forward to launching in 2016” revealed Mr. Biebel.

“We expect 2016 to be a game changing year for ThinkLiquidity, an example of which is the development of a new version of our risk engine, and we are also working on a way of incorporating options into our existing product suite as well as our risk manangement services.”

As far as expansion of services is concerned, Mr. Biebel said “This is also the first time that ThinkLiquidity has gone down the route of offering specialist products to end user traders, as well as the company’s existing ethos of providing tools and services to brokerages.”

Mr. Gewirtz iterated that “Our business model still remains aligned with the ideology of broker improvement and always having the best interests of brokerages in mind, however we are very interested in our future developments which will expand this ethos to retail end users.

Photograph: Fred Gewirtz & Justin Biebel from ThinkLiquidity, at iFXEXPO in Hong Kong. Copyright Andrew Saks-McLeod

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