Research European Commodity Market Regulations - Part 1 | Page 40

European Energy Market Regulations V3.1 to be ready to fully support reporting to these TRs as and when they release their final offerings to the market. futureLANDSCAPE can help clients to meet the short-term tactical challenges of EMIR and Dodd Frank reporting and, if relevant, provide the bedrock of a wider strategic deployment for other regulatory challenges as they evolve. Every Message Automation client has extended their use of futureLANDSCAPE from its initial deployment into fulfilling further requirements. Vendor: Message Automation - http://www.messageautomation.com Sapient Global Markets Sapient’s Compliance Management and Reporting System (CMRS) provides firms with a complete solution for more efficiently and effectively meeting these commitments. One of the first systems of its kind, CMRS establishes a common enterprise platform to manage and publish reporting requirements that has proven successful with multiple tier one institutions. Specifically, CMRS: • • • • Connects to all major trading and risk management systems, including those that process high volumes of swaps and other over-the- counter (OTC) products Collects and normalizes data before transforming it into formats accepted by regulatory reporting destinations Receives acknowledgement messages back from regulatory bodies, such as Swap Data Repositories (SDR) Enables customers to configure reporting rules, manage varied data sources, apply filtering, exception and aggregation rules and configure destination reports in the required format CMRS provides a single view of compliance regardless of operating model and required reporting venue – providing much needed visibility at any point in time. The out-of-the-box platform solution can also be paired with implementation and support services as needed. Sapient Global Markets has recently announced the availability of a cloud-hosted version of its Compliance Management and Reporting System (CMRS). Vendor: Sapient Global Markets - http://www.sapient.com/en-us/global-markets.html E/CTRM offerings It is anticipated that most of the E/CTRM vendors will be involved with initiatives to ensure that they too are ready for the new regulations and many are particularly in the energy side of the business. Mostly, this involves insuring that their offerings include the ability to capture all of the data items required for trade reporting both in terms of the database and screens to enter the data. Some may go beyond this fairly minimal requirement such as OLF and Pioneer who have both announced other initiatives (see the listings elsewhere in this directory). Other vendors that have been proactive in marketing their capabilities to date have included Allegro and Contigo while Triple Point has been © Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved. v3.1 November 13th, 2013 40