REGIS-TR and Trayport have announced a new partnership today in this press release. REGIS-TR are intending to offer a “full RRM” service under REMIT, which will allow market participants to use the service to report all types of data to ACER. This will work in conjunction with their EMIR Trade Repository, offering a “one stop shop”.
Trayport offer a variety of solutions under REMIT, including a service that consolidates orders and trades conducted by a market participant on Organised Market Places(OMP), which must be reported to ACER from 7th October this year. The service acquires the orders and trades, enriches them and consolidates them. Using the partnership, Trayport can then report the data to ACER via the REGIS-TR RRM. Facilities are also provided for sending bilateral trades, which will need to be reported from 7th April 2016. Trayport’s Complete offering already includes a link to REGIS-TR for EMIR.
This announcement provides another option for market participants to meet their REMIT reporting requirements. It also attempts to address the issue of fragmentation around OMP reporting, which could arise if market participants trade on several venues, but rely on them to report. In addition, it makes it easier for market participants to use REGIS-TR for both EMIR and REMIT reporting whilst reducing the work required to meet the first REMIT deadline.
REGIS-TR and Trayport will be running a webinar entitled “Easy REMIT reporting: Is it a mirage?” moderated by ETR Advisory, on 22nd June at 14:00 BST. Registration is available here.