Traiana has entered into a strategic alliance with Confisio Managed Services to provide a middleware trade reporting solution to Confisio clients in Cyprus ahead of the impending 12 February EMIR deadline.
Confisio and Traiana's TRConnect service is a middleware trade reporting solution to achieve accuracy and certainty of compliance for buy and sell side firms.
A delegated reporting infrastructure enables participants to keep trade repositories up to date across the trade lifecycle.
The solution is designed to automate the challenges around UTI sharing and LEI generation/tagging and delegated reporting for EMIR compliance.
“I am excited about this partnership with Traiana,” says Christodoulos Papadopoulos, Confisio CEO. “It is confirmation that we will always conduct our business in a way that not only meets but exceeds the expectations of both our customers and business partners. Traiana allows us to fully deliver the requirements set by ESMA for EMIR Reporting by giving us strong back-end capabilities and business foundation. We look forward to further expanding our pre and post trade collaboration in the future.”
Roy Saadon, co-founder of Traiana, says: “Traiana’s partnership with Confisio in Cyprus reflects our overall strategy to reach a broader range of clients across Europe to help them fulfil their new regulatory obligations. Confisio delivers a competitive and efficient solution for market participants that permits proper and timely EMIR reporting and we are very pleased to be working with them.”