TriOptima is to offer data verification and portfolio reconciliation of data in CME’s Swap Data Repository (SDR), with TriOptima’s triResolve OTC derivatives reconciliation service.
Data connectivity between CME SDR and the triResolve platform will enable clients of both firms to verify and reconcile cleared and non-cleared credit, rates, foreign exchange and commodities transactions submitted to CME SDR; and use triResolve’s resolution workflow process to quickly identify and address any exceptions.
For buy side firms in the US who do not report directly to SDRs but rely on their dealer counterparties or swap execution facilities to report, comparing the data submitted to CME with their own submissions to triResolve will help ensure that discrepancies are identified and resolved quickly and that regulators have an accurate view of their positions.
“Connectivity with TriOptima enables our clients to comply with the [Commodity Futures Trading Commission] mandates on swap data reporting, verification and portfolio reconciliation rules,” said Jonathan Thursby, President of CME SDR.
“Our mutual clients are now well positioned to manage regulatory obligations on their positions efficiently.”
