K3 for Trading

Regulatory Reporting

Simplified Regulatory Reporting = Lower Cost

K3 is changing regulatory reporting.

Businesses no longer need to suffer the massive time crunch trade reporting requires.

Trading firms can stop acquiring “technical debt,” short-term gains at great long-term expense.   

K3 standard adaptors to global trade repositories cover you for these regimes:

  • Dodd-Frank Trade Reporting
  • EMIR Trade Reporting
  • MiFID II
  • REMIT Trade Reporting
  • Australian Trade Reporting
  • Canada Trade Reporting
  • MAS Trade Reporting
  • FinFrag Trade Reporting

Trade Reporting Tidbits

REGULATIONS ALWAYS CHANGE

Did you know that in February 2020 the CFTC unanimously voted in favor for a Dodd-Frank Part 45 overhaul? The bulk of this overhaul will be standardizing values across the Swaps Data Repositories (SDRs).   

EMIR Refit came into force June 2019, with a whole host of changes around reporting and clearing obligations.

These changes are not small and present a valuable opportunity to refactor high cost implementations with tools like K3.

CAT NMS REPORTING

Some think CAT means the end of OATS.  Not Yet!  OATS is still alive and kicking.  If you are an OATS reporter you will need to also report to CAT (dual overlapping reporting).

After years of delays CAT NMS reporting is finally going live. We expect firms to initially struggle with OATS to CAT mapping.  

While we are a little dubious about deadlines, K3 is ready for CAT.   

THE ACK

What sets K3 apart from the rest?   

Where the rubber hits the road for a reporting solution is the acknowledgement from the target.  No matter where you are reporting K3 is designed to bring the acknowledgement (or lack thereof)  back to the original outbound message.  This ack or error ack becomes the centerpoint of regulatory reporting workflow.