TriOptima, a leading provider of OTC derivatives post trade risk services, announces today that its triResolve Repository Reconciliation service has been awarded Most Innovative Data Product/Service by Financial News. The award was presented at Financial News’ annual Trading and Technology Awards on 21 October 2015.
London – 23 October 2015 - TriOptima, a leading provider of OTC derivatives post trade risk services, announces today that its triResolve Repository Reconciliation service has been awarded Most Innovative Data Product/Service by Financial News. The award was presented at Financial News’ annual Trading and Technology Awards on 21 October 2015.
triResolve Repository Reconciliation is an expansion of TriOptima’s existing triResolve service which provides post trade reconciliation, counterparty exposure management and margin call management services for OTC derivative trades. As new trade reporting and data validation requirements are implemented by regulators, triResolve Repository Reconciliation helps clients to identify and resolve potential discrepancies in their global repository data.
Commenting on the award win, Financial News said: “Few solutions have emerged to solve the widespread problem of validating information submitted to multiple trade repositories to meet new European derivatives rules. [TriOptima’s] triResolve business allows users to compare the data submitted with information on their own platform and can match trades even if identifiers, which have become a point of contention in trade reporting, do not tally up.”
Raf Pritchard, CEO of triResolve, said: “We are very pleased to receive this award which recognises the work we are doing with market participants to improve and streamline the reporting process. Over 90 group firms now use the service regularly reconciling data reported under EMIR, Dodd-Frank, MAS and ASIC reporting regimes. We predict continued strong growth as more market participants identify the benefits of pro-active reconciliation of repository data.”
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TriOptima, leading provider of OTC derivative post trade risk services, announces that its triResolve service for portfolio reconciliation offers a solution to the unmatched trade problem reporting institutions are facing in European trade repositories.
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