Trade Processing and Reporting Services

Conveyer Belt with boxes, woman standing next to the belt holding a box, with the point nine logo

Being ‘2021’s Leading Trade Processing and Reporting Services Firm’, Point Nine uses inhouse proprietary technology to provide an in-class solution to all customers and to meet regulatory reporting requirements.

Trade Processing and Reporting Services Being ‘2021’s Leading Trade Processing and Reporting Services Firm’, Point Nine uses inhouse proprietary technology to provide an in-class solution to all customers and to meet regulatory reporting requirements.

Regulators demand that financial firms, service providers, and corporations submit timely and accurate data to trade repositories, approved reporting mechanism and national competent authorities. The Point Nine team understands the challenges that come with this process. It aims to help ease this burden and streamline the process with its reliable and efficient end-to-end service and cutting-edge technology.

Point Nine’s inhouse technology is a scalable regulatory solution which is utilised by many firms. It has processed and reported more than 4.5 billion reports and has served over 100 legal entities to date.

It processes data from various sources, covers all asset classes, translates and submits the reports to trade repositories in the required formats, and also handles acknowledgement messages. The Point Nine approach provides a fully automated solution, data enrichment, validations as per regulations, bespoke validations and rules, UTI generation/management, and much more.

In an ever-changing regulatory landscape for companies that operate in the financial services, it is important to stay up-to-date and compliant. Point Nine strives to help fintech firms address increasingly difficult reporting challenges. The first of which is understanding report requirements which are often difficult or even impossible to understand.

Consolidating data is another challenge, with FX brokers using various systems such as trading platforms and CRM bridges to meet their clients’ needs and gathering all of the required data being difficult. The data quality also poses a challenge, with inconsistencies, gaps, inaccuracies, and duplications making their way into it due to the way FX brokers store their data.

Reporting errors can also be a challenge – when FX brokers submit their regulatory reports, competent authorities’ systems feedback will identify reporting errors. Knowing how to resolve those errors is an ongoing struggle for brokers.

There is also the evolving challenge of regulatory updates and amendments which can come from a range of sources, including the European Securities and Markets Authority, trade repositories, national competent authorities, and approved reporting mechanisms.

Another reporting challenge is instrument eligibility under MiFir, since what is considered a financial instrument under the MiFir network may suddenly change, therefore keeping up with these constant changes can be hard.

File format can also be a challenge, as competent authorities use different systems which require reporting data to be submitted in different file formats, with an XML file being an example of a complex format to construct for most brokers.

Lastly, audit trading is also a reporting challenge, as brokers need to keep a record of what has been submitted and accepted by the competent authorities.

Point Nine has identified each of these issues and developed a thorough understanding in order to develop tools that simplify the complexity of reporting, making the whole process a lot easier.

Point Nine’s mission has always been to be a trusted partner to fintech firms, helping them out with their compliance and reporting challenges, whether it’s in keeping up with the latest regulatory requirements, making procedures easier for submitting reports, or providing tools to improve their services, enabling them to concentrate on their business and core offering instead.

For business enquiries, contact Theo Mallas from Point Nine, via email – [email protected] or through their website Website: www.p9dt.com

Theo Mallas