London
07 February 2017
Reporter: Drew Nicol

IHS Markit and Pirum partner for SFTR reporting


Pirum Systems has partnered with IHS Markit to build a Securities Financing Transaction Regulation (SFTR) reporting solution by the end of 2017.

The new solution will offer a fully hosted, end-to-end service to assist EU-based users to fulfill the SFTR obligation to report transaction details to a registered trade repository.

This service will enable market participants to leverage existing industry data pipes and workflows, lowering the cost and operational burden of complying with SFTR reporting.

Ben Challice, COO at Pirum Systems, said: “True collaboration between service providers is what the market has been demanding, especially when the service requirement is driven by regulation.”

“By partnering with Markit Securities Finance, we can provide a seamless, end-to-end solution, with unparalleled market coverage, and ultimately reduce customers’ overall costs.”

Pierre Khemdoudi, managing director of the Markit Securities Finance product, said: “We are excited to partner with Pirum Systems to offer a modular, fully hosted SFTR solution.”

“Pirum System’s best in class securities finance post-trade reconciliation and IHS Markit’s proven track record in delivering industry wide regulatory reporting solutions ideally position us to build this unique service.”

More technology 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
Raymond James selects Red Deer for MiFID II
16 January 2018 | London | Reporter: Jenna Lomax
Raymond James Investment Services has chosen Red Deer’s research valuation management solution to adhere to MiFID II
Northern Trust acquires technology resources from Citadel
12 January 2018 | Chicago | Reporter: Jenna Lomax
Citadel has agreed to give Northern Trust the software development rights for Omnium, a software solution, along with an undisclosed number of development staff
SETL and OFI AM being to process blockchain transactions on IZNES
11 January 2018 | Paris | Reporter: Jenna Lomax
IZNES, which is powered by SETL’s blockchain technology, has used the IZNES system in a series of trials with selected clients
DTCC launches new trade processing platform
10 January 2018 | New York | Reporter: Jenna Lomax
DTCC Exception Manager is DTCC’s latest addition to its trade processing product suite, supporting and securities transactions globally
Synechron: Innovation will remain key in 2018
09 January 2018 | New York | Reporter: Becky Butcher
Innovation will be the driving force in advancing key priorities such as compliance, risk and automation in 2018, according to Synechron
Linedata teams up with LSE’s Una Vista for MiFID II
03 January 2018 | Paris | Reporter: Jenna Lomax
Linedata will use UnaVista as an approved reporting mechanism to report transactions to national competent authorities for all required asset classes
Texan broker completes first CME Clearing bitcoin futures trade
02 January 2018 | Houston | Reporter: Jenna Lomax
Choice! Natural Gas, a portfolio company of inter-dealer broker OTC Global Holdings (OTCGH), has completed its first bitcoin-denominated futures block trade through CME Clearing
More technology news