Research European Commodity Market Regulations - Part 1 | Page 34

European Energy Market Regulations V3.1 • • processes and workflows to meet their internal requirements. This will improve efficiency, optimize workflows and reduce operational risk and the processing costs associated with energy trading. Report – Users will be able to report as close to real time as they choose to European regulatory authorities and trade repositories. Complete Report will be designed to satisfy REMIT and EMIR regulatory reporting obligations at the point of execution. Further reporting obligations and jurisdictions will be added in the future. Control – With Complete Control, users will be able to manage post-trade execution with transparency and control. The real-time monitoring application will allow all counterparties to the trade to track the progress of their trade and immediately identify and resolve any questionable trades at the point of execution, significantly reducing operating risk and cost. Vendor: Trayport - http://www.trayport.com Specialist Reporting and aggregation software BroadPeak - K3 BroadPeak is an integration/ETL software firm. Its flagship product, K3, is a low latency, fully audited integration/ETL platform for simplifying trading integration. Used in production at banks, trading merchants and hedge funds, K3’s low latency integrations with Exchanges, Trade Repositories, Price Sources and ensure audited, transparent and correct delivery of data payloads. K3 has current off the shelf integrations for both Dodd-Frank and EMIR compliance. Purpose built to meet FC, NFC+ and NFC- reporting demands, K3’s off the shelf connections include, ICE Trade Vault, CME, DTCC and Regis-TR. K3 also has existing connections to most ETRM systems including, OpenLink, Triplepoint, Amphora, Allegro, Eka, Sungard and Brady. For ad-hoc reporting, BroadPeak also offers cloud based drop copy service that allows users to drop an Excel sheet of trades into a local folder that is picked up by K3 for routing and transformation to the TR of choice. Vendor: BroadPeak Inc - www.broadpeakpartners.com Email: [email protected] EMIR-ate.com emir-ate.com is a service provided by Treamo Business Consulting GmbH. and is a cloudbased SaaS-solution that helps corporates comply with the reporting requirements of EMIR. It interacts with existing systems and tools (TMS, spreadsheets, trading platform) as well as with the Trade Repository. It is a service that ensures EMIR compliance at the press of a button. The trades will be reported via XML files. At the moment, the Trade Repository requires approx. five minutes for the return message that either confirms the correctness of data or contains a list of errors. EMIRate will convert these status messages in an understandable format and will present the result of the return message in the list of trades, where users © Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved. v3.1 November 13th, 2013 34