Brexit Ready MiFID II & EMIR Reporting with Cappitech
Regardless of a soft versus hard Brexit, investment firms will have the burden to make sure they are reporting their data to an ARM or TR that is authorized to receive their submissions. TRs and ARMs have already started the process of notifying clients that they should alert them of whether they will need to submit to their UK or EU entity post-Brexit.
HOW IT WORKS
Capptivate connects to customer trade records, enriches the data, reformats the file, validates trades and reports directly to an Approved Reporting Mechanism (ARM) or Trade Repository (TR) on our client’s behalf. Cappitech already connects with both EU and UK TRs and ARMs and our technology stack currently includes many per-customer filters and customizations such as excluding reporting of specific products and client trades as well as enrichment.
Information on trades is then made available in real time via our web-based dashboard. The Platform can also send a daily email confirming the reporting and alerting of any issues that may arise.
For Brexit, we will identify EU and UK domiciled trades from a single transaction file. The trades will then be split and formatted to the EMIR/MiFIR formats for both the UK and EU and submitted to the correct location.
HOW YOU CAN BENEFIT
Hassle-free Brexit reporting solution: The solution offers an easy way for sell-side firms to continue to provide delegated reporting to their customers. Also, Cappitech can help investment firms no longer being offered delegated reporting by their bank or broker a simple and automated solution for their reporting needs.
SaaS & Automation: Significantly cuts the initial IT and HR costs to begin reporting and the ongoing work required to keep the reporting compliant as laws are updated regularly.
Operational excellence: Our Client Services team monitors client trades on an ongoing basis, alerts and helps fix any reporting exceptions.
Reporting fees: Cappitech benefits from trade volume fees as a result of reporting on behalf of many firms and passes these on to our clients. This can result in significant cost improvement for customers.
Customized for your business
Asset Managers Capptivate provides integration with fund management and OMS software in a secure environment to grab data needed to complete RTS 27 reports
Online Brokers Onboarding reporting solutions for over 50 brokers, Cappitech understands the needs of Forex and CFD brokers to provide a cost effective and simple integration process.
Banks Firms benefit from our flexible integration process which includes connectivity to treasury systems to automate reporting as well as customized Excel templates for manual file uploads.