About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

IHS Markit Swallows Catena Technologies

Subscribe to our newsletter

Global information and analytics giant IHS Markit has acquired Singapore-based Catena Technologies, a regulatory trade reporting provider, in a bid to boost its regulatory compliance offering worldwide.

Founded in 2002 as a FinTech consultancy and transformed to become a software-as-a-service (SaaS) provider of trade reporting solutions in 2014. Its flagship TRACE Reporting platform automates and manages trade reporting, providing cross-asset coverage, valuation and collateral reporting, and reconciliation across G20 jurisdictions, including Australia, Singapore, and Hong Kong, and covers regulations including EMIR and MiFID II reporting.

The deal will result in “a seamless, single-vendor solution that integrates transaction reporting with other post-trade and compliance workflows,” says Aaron Hallmark, CEO of Catena. “This capability will enable customers to streamline their trade-reporting processes, reduce costs, and focus on strategic initiatives.”

The firm’s TRACE platform will integrate with IHS Markit’s MarkitSERV offering, which provides end-to-end trade processing and workflow solutions that support all participants in OTC trading, from post-trade notices of execution, trade confirmation and allocations to clearing and reporting. The two firms are no strangers to each other, with a history of collaboration within the Asia Pacific region. “The MarkitSERV team has been working closely with Catena for several years to help investment firms and banks overcome the numerous data and technology hurdles they face in trade reporting,” confirms Julian Chesser, head of Asia Pacific for MarkitSERV at IHS Markit.

Although terms of the deal were not disclosed, IHS Markit has stated that the acquisition will not impact its earnings.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: FRTB Implementation in APAC: An industry update and what is left to do

Date: 25 May 2023 Time: 9:00am London / 4:00pm Singapore Duration: 50 minutes Fundamental Review of the Trading Book (FRTB) regulation, a set of proposals from the Basel Committee on Banking Supervision (BCBS) for a new market risk-related capital requirement for banks, is due to be implemented across APAC over the next few years. Singapore...

BLOG

FINRA Outlines Perspective on RegTech

RegTech innovation is commendable, but must be accompanied by risk mitigation, seen as a means to an end rather than an end in itself, and selected for use by a cross-section of an organisation that is inclusive of, but not limited to, IT and compliance. Opening A-Team Group’s RegTech Summit New York with a keynote...

EVENT

TradingTech Summit London

Now in its 12th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...