09 May 2016
Reporter: Stephanie Palmer

Sapient releases new reporting tool

Sapient Global Markets has launched a new trade matching, reconciliation and resolution tool for regulatory reporting.

RegRecon is intended to address the regulatory requirement for institutions to establish a process for identifying and resolving data discrepancies. It is also intended to improve match rates and to make reporting more accurate.

Through automating trade matching, break management and reconciliation, the tool allows institutions to gain a better understanding of their exposures, meaning they can better monitor risk and manage collateral. It can also connect directly to trade repositories and counterparties, allowing for confirmation responses as well as end-of-day reports.

It can be used either as a standalone solution, as a managed service, or as part of the Sapient Global Markets CMRS reporting platform.

Arun Karur, vice president of Sapient Global Markets, said: “Many of the traditional ways of working with data, particularly in post-trade processing for trade reporting and portfolio reconciliation, are inconsistent and uneconomic, posing a significant compliance risk.”

He added: “[RegRecon] provides deeper insight into all trade discrepancies and simplifies resolution tracking of all changes and messages between the middle office and counterparties. It improves reporting accuracy, mitigating the risk of non-compliance while also saving time, money and effort for a function that offers firms no competitive advantage.”

More data services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Vela launches new data hub
15 November 2017 | London | Reporter: Jenna Lomax
The new data hub will provide clients with access to multiple systematic internaliser liquidity price feeds through a single application programming interface
Opus partners with Fenergo on KYC
10 November 2017 | New York | Reporter: Jenna Lomax
The two firms will offer integration of risk relevant data into know-your-customer processes
BNP Paribas partners with Janus Henderson
09 November 2017 | Denver | Reporter: Jenna Lomax
This partnership is intended to provide a global platform to support to Janus Henderson’s regulatory and industry issues in order to help the firm grow internationally
SmartStream upgrades TLM solutions platform
16 October 2017 | London | Reporter: Theo Andrew
A new feature, TLM View allows customers to access to real-time and historic data in the reconciliation repository in order to identify trends on one single, customisable interface
Scorpeo reveals new TCA application
12 October 2017 | London | Reporter: Barney Dixon
Scorpeo has launched its new TCA application that will help investment managers identify missed value in their portfolios
Swift releases data validation service
05 October 2017 | Barcelona | Reporter: Jenna Lomax
The service assesses the quality of the bank reference data stored in a corporate’s database, which is typically used to facilitate payments
US equity data made more accessible to UK firms
23 August 2017 | London | Reporter: Stephanie Palmer
Nasdaq is to offer market data on proprietary US equity feeds via the Equinox London International Business Exchange data centre, LD4
More data services news