Research European Commodity Market Regulations - Part 1 | Page 42
European Energy Market Regulations V3.1
providers so that appropriate communications channels may be configured within
Commodity XL.
For EMIR ‘Timely Confirmation’, EFET eCM and ICE E-Confirm standards for electronic
confirmations are supported. For EMIR and REMIT transaction reporting, connections to
RegisTR and ICE Trade Vault trade repositories are offered, and will be completed in time for
the commencement of EMIR transaction reporting, based on the current ESMA ITS RTS
documents and timelines. Connectivity to other services such as EFET eRR and ACER ‘ARIS’
can be configured.
For REMIT requirements regarding anti-market abuse, and transparency, Commodity XL
provides a full log of all user interactions with the database regarding the trading life-cycle.
This audit log can be inspected by external authorities in the event of an investigation into
suspicious trading activity as defined under REMIT, MAD/MAR, and MiFID.
Vendor: Triple Point - http://www.tpt.com
SunGard
SunGard are delivering an EMIR/REMIT solution to Aligne clients through the
implementation of a standard adaptor. This adaptor utilises the flexible Aligne 3.0 AUX
fields to allow clients to augment native Aligne data through the Importer and then store
this on the Aligne database before communicating an EMIR file to accredited Trade
Repositories using standard Aligne ReportServer functionality.
For those clients who wish to create datastores outside Aligne, standard Aligne reporting
functionality can be used to create exports of Aligne-held data.
By leveraging off the knowledge gleaned by successfully providing SunGard clients with a
solution the US Dodd-Frank, SunGard are confident that the EMIR/REMIT Adaptor will be
delivered in time for the commencement of EMIR reporting in early 2014
Vendor: SunGard - http://www.sungard.com
OpenLink
See entry above for the RegCube.
© Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved.
v3.1
November 13th, 2013
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