Delta Capita, has bought DTCC’s Report Hub, a pre and post-trade reporting solution for OTC derivatives and securities operations, as it ramps up its regulatory reporting services.
Report Hub assists firms in navigating the complications associated with international compliance requirements in eight global authorities and 14 regulatory regimes.
This involves the European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Directive (MiFID), Securities Financing Transactions Regulation (SFTR), Monetary Authority of Singapore (MAS), Application-Specific Integrated Circuit (ASIC) and Commodity Futures Trading Commission (CFTC). It manages more than 1.3 trillion report messages per year.
Delta Capita’s investment in the pre and post-trade reporting tool, increases its expanding collection of OTC Derivatives and Securities Operation solutions.
It comes as banks confront continuing compliance requirements and are shifting their approach to managing post-trade reporting.
This is against a backdrop of CFTC Phase 3 switching due dates, Europe’s SFTR converging with other regulatory initiatives and new arising MiCA reporting obligations.
The purchase also expands Delta Capita’s client network to nearly 250 institutional clients internationally.
Mark Aldous, global head of capital markets managed services at Delta Capita, states: “Report Hub complements Delta Capita’s existing range of specialist managed services and technologies across derivatives and structured products, post-trade, market infrastructure, pricing and risk, and know-your-client services.”
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