Regulators see the full picture, now you can too
When it comes to reporting, what you don’t know can hurt you. When you only see snapshots of your trades from your side, errors are hard to spot. And if a regulator finds them first, making amends can be time-consuming and costly.
Introducing SensAI: A completely new approach to reporting accuracy. SensAI uses our vast transaction dataset to analyze every trade within a day of it being reported. Our sophisticated technology enables rapid benchmarking against market participants and counterparties.
Consider SensAI your AI assistant, measuring the quality of your reporting. Then quickly presenting results in an intuitive visual display. So, you can take action immediately. And by eliminating false positives, only when you really have to.
Meet EU and UK regulations.
We offer EU and UK regulated APAs and ARMs to meet the reporting obligations of all your Legal Entities.
Get insight into your data quality.
Our powerful analytics tool offers five-year trending and peer benchmarking.
See the details that matter, fast.
Visualise your entire reporting lifecycle with our unique, intuitive platform. You can address any breaks directly in the GUI.
Stay on high alert. But low on stress.
Let the latest technology attend to the details.
How does SensAI’s surveillance work? It uses both sides of matched trades to derive benchmarks and detects any differences and outliers. Then runs predictive analytics with an understanding of the latest regulatory rules to determine which counterparty is most likely to be correct. Eliminating the guesswork for you.
Our vast cloud-based data set lets SensAI efficiently glean actionable insights. Using machine learning SensAI keeps getting smarter, all while creating an industry best-practice set of validation rules.
Finland and Gibraltar
Lean into regulatory headwinds
We connect to the following European regulators and are adding new NCAs on a regular basis
Permanent solutions to reporting problems
Regulations aren’t static. Staying on top of the changes is taxing. In the near future, as SensAI evolves, errors will be linked directly to the regulatory text, so you’ll see why a mistake was made and how to report it correctly. We call this “traceablity”. You can call it certainty. You’ll know you’re always reporting within the current paradigm.
With all the right data in the right place in a way that’s easy to access, you can be confident you’ve got reporting under control.
- Provides you the same view as a regulator
- Reduced error rates over time
- Greater accuracy in error tracking
- Faster error capture resolution times
- Clear benchmarking & performance analysis to peer groups and industry peers
- Clear, simple reports & analytics for senior management and boards as well as regulators
- Streamlined departmental workflow
Whether you already report to us or are a new customer, SensAI works for you. Easily satisfy regimes such as MiFID II and the SMCR. Senior managers see a detailed overview of your firm’s transaction reporting, including benchmark reports, giving you total transparency into the quality of your reporting framework.
Effectively and efficiently report transaction details.
Simplify your trade publication to meet your APA requirements.
A seat at the regulatory table
As an EU and UK MiFID II Approved Reporting Mechanism (ARM) and an Approved Publication Arrangement (APA), our industry experts work closely with regulatory bodies to help shape the current framework.
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Our EMIR capability integrates into our platform enabling you to choose whichever Trade Repository you prefer, while harmonizing all your data traffic with one connection and one dashboard.
As Regulatory Operations teams become a centralised service, they demand multi-obligation platforms such as MarketAxess.
The EMIR Refit presents significant changes for firms, with a particular spotlight on data quality. As the implementation period draws ever closer, a lot of uncertainty remains around the proposed changes. Joanne Salkeld outlines 5 of the biggest changes to be aware of to secure a successful implementation.
One connection, one dashboard
The complex requirements of SFTR span the full lending lifecycle:
- Up to 155 reportable data fields
- 59 submissible
- 90 reconcilable
There are fines for non-compliance, and reputational damage can impair your trading ability.
Use the only industry-wide, community sharing UTI exchange portal, so both trade counterparties can meet all SFTR requirements in a standardized way.
Meet all your UTI exchange regulatory reporting requirements on our UTI Portal. Stay compliant for all collateral lifecycle events.
The only industry-wide community sharing UTI exchange portal
EMIR Refit will come into force in 2024, aiming to simplify EU legislation and reduce regulatory burdens. Firms must act quickly to improve the quality of their data well in advance of implementation. Find out how to get ahead before go-live. First published on 11 November via Reuters Regulatory Intelligence.
There remains a lot of uncertainty around the upcoming EMIR Refit but the clock is starting to tick. Find out five of the biggest changes to be aware of.
The business case for overhauling the back office
Financial regulations have largely been successful but have focused mostly on the front office, leaving back-office processes well overdue for extensive overhauls.
Countdown to CSDR
The countdown to #CSDR is well and truly on, but with ESMA calling on the European Commission to delay the mandatory buy-in regime, a lot of uncertainty remains. Camille McKelvey outlines how firms can prepare in the face of moving timelines.
Post-Trade Repo quarterly data update
Repo matched trades were up 22% YoY to more than 160k matched trades in Q3 of 2022, with an average of 2.5k matched Repos per day. Download our latest stats and be part of the community.