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

Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation

EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the...

BLOG

Ascent Technologies Adds Horizon Scanning with Acquisition of Waymark

Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners. Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...