PM CAPITAL Selects Catena TRACE for OTC Derivatives Regulatory Reporting
30th Jul 2015 - Catena Technologies today announced that Sydney-based fund manager PM CAPITAL has selected its TRACE™ trade repository gateway product to report OTC derivatives trades to the Australian Securities and Investments Commission.
"Catena's TRACE system will enable the firm to meet the upcoming industry-wide OTC derivative trade reporting compliance obligations quickly and efficiently," said Ben Skilbeck, Chief Executive Officer for PM CAPITAL. "TRACE not only takes care of our immediate OTC trade reporting requirements for near-term reporting implementation deadlines, but it will also help us to manage additional anticipated future OTC reporting regulatory requirements as they are confirmed. It was important in our selection of TRACE that Catena demonstrate leading knowledge in the OTC trade reporting area as well as the ability to work flexibly within a fund management systems environment. We are looking forward to working with the Catena team throughout current and future implementations."
Catena Technologies' TRACE product enables financial institutions to report OTC derivatives trades to regulators via trade repositories. The system captures, enriches and transforms derivatives trade information, automatically submits the required information to the trade repositories, and manages the end-to-end workflow and reconciliation between the trade repositories and a firm's trading systems. TRACE aligns with the major trade reporting initiatives in Asia Pacific, including those in Japan, Hong Kong, Singapore, and Australia.
"The Catena team is excited to be working with PM CAPITAL to help the firm meet its current and future trade reporting compliance requirements," said Aaron Hallmark, CEO of Catena Technologies. "Like many buy-side firms with derivatives operations in Asia Pacific, PM CAPITAL has recognized the importance of automating and streamlining the operations related to OTC derivatives reform. Catena looks forward to working with PM CAPITAL and other buy-side firms throughout the region to continue to meet the changing requirements in OTC reform."
About PM CAPITAL
PM CAPITAL Limited is a Sydney-based specialist equity and income fund manager with a long-term track record of strong performance. Founded in 1998 by Paul Moore, our firm's investment philosophy is very simple - we believe that "the best way to preserve and enhance your wealth is to buy a good business at a good price." It's a philosophy that's been applied at PM CAPITAL for over 16 years. Owned by our investment team and senior staff, PM CAPITAL manages over $2.0 billion on behalf of private clients, institutional investors, and the clients of financial advisers and brokers.
About Catena Technologies Pte Ltd
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has worked with customers across the world, including the U.S., U.K., Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise implementing cutting-edge solutions.
For more information, contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881