麻豆传媒

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
≔ Menu
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Derivatives news
  3. Smartstream launches enhanced derivatives data service
Derivatives news

Smartstream launches enhanced derivatives data service


13 March 2024 UK
Reporter: Klea Neza

Generic business image for news article
Image: pinkrabbit
SmartStream Reference Data Services (RDS) has launched an enhanced derivatives data service in an effort to provide in-depth insights into futures related transactions.

RDS aims to use its trade lifecycle expertise and resources to provide accurate data and customised regulatory operations tailored to each financial institution, ensuring compliance with the new European Market Infrastructure Regulation (EMIR) Refit standards.

The EMIR Refit initiative is geared towards enhancing transparency and stability in the over-the-counter (OTC) derivatives trading market, set to take effect in April for Europe and September for the UK.

Financial institutions are actively seeking reliable and efficient methods to manage their securities reference data to meet these new requirements.

Additional attributes will be integrated into the RDS鈥檚 Listed Derivatives service and a standalone OTC Derivatives service to support the full spectrum of reference data that is needed for commodity transactions under the new EMIR regulation, the firm says.

Linda Coffman, executive vice president of SmartStream RDS, states: 鈥淭he main challenges posed by this regulation includes completing the numerous new reportable fields for commodity and energy derivatives.

鈥淎lso to protect firms from poor quality and inaccessible data, in addition to addressing regulators' demands for increased complexity within certain commodity and energy contracts. My advice to all market participants is to be prepared and deploy the necessary technology to ensure the highest data quality to mitigate the risk of fines and reputational damage.鈥
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →