CloudMargin has added Unavista to its solution to offer EMIR compliant swap data repository reporting of OTC derivatives to their clients, avoiding the need for any further middleware or 3rd party solutions.
Derivatives collateral management cloud technology provider CloudMargin today announced it has connected with Unavista (part of the London Stock Exchange Group) to offer EMIR compliant trade reporting.
CloudMargin can collate, normalise, enhance and enrich data from a variety of sources in a huge variety of formats and submit correctly formatted data to Unavista in a timely fashion at minimal cost for clients.
"Clients increasingly reject the notion of using multiple 3rd party solutions and middleware providers to cope with ever changing regulation and cover up gaps in existing systems," comments Stuart McHardy, Managing Director of Product Development and COO of CloudMargin. "They demand state of the art collateral management systems delivering STP connectivity out of the box to multiple areas such as reconciliation providers, clearing brokers, messaging platforms, custodians and trade repositories with minimal involvement and investment on their part. I'm delighted that CloudMargin delivers this.”
"Unavista has been the overwhelming choice of our clients to date" adds Andy Davies, Cloudmargin's CEO and co-founder, "the ease of use and reliability of Unavista's solution makes it the obvious choice to meet the EMIR requirements which is reflected in the demand we are seeing.”
CloudMargin will be adding other EMIR compliant trade repositories in line with client demand during the coming months.