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

Misys Builds on Existing Technologies to Deliver EMIR Reporting Service

Subscribe to our newsletter

Misys has responded to customer demand for help with trade reporting under European Market Infrastructure Regulation (EMIR) with Regulatory Reporting Service, a stand alone software-as-a-service (SaaS) solution, and an extension to its Confirmation Matching Service (CMS).

The company had previous experience of Dodd-Frank and EMIR reporting with its Opics banking product that is usually used on an installed basis, when it was approached in mid-2013 by corporate customers needing help to meet the February 12, 2014 EMIR compliance deadline.

Neil Macro, global sales director at Misys Global Managed Services, explains: “Time was very tight, but we managed to leverage the Opics technology and repackage it as a web based, hosted SaaS solution for buy-side customers in time to meet the reporting deadline.”

To date the Regualtory Reporting Service has secured 17 customers – 16 corporate customers and one fund manager. Macro expects plenty more to sign up when regulators begin to take a hard line with firms that are not compliant with EMIR and when firms that are using temporary or delegated solutions realise they are not necessarily suitable or scalable for the long term.

The service is initially reporting derivatives trades subject to EMIR to the Regis-TR trade repository, although Macro is planning to add connectivity to the DTCC repository some time this year and connectivity to any of the other four European repositories depending on customer demand.

As well as offering the Regulatory Reporting Service as a stand alone solution, Misys has integrated it with its post-trade CMS, also an SaaS solution. The CMS automatically feeds data to the Regulatory Reporting Service, with Misys data enrichment tools adding any additional data that is required for EMIR reporting.

Macro says: “We have about 400 corporate customers using CMS in Europe. They saw us as a trusted partner and asked us to send on the necessary data for EMIR reporting to a trade repository. So we integrated CMS and the reporting service. Corporate customers of the CMS provide data for about 10 to 15 fields and we enrich that using, for example, static data like legal entity identifiers, to send 70 to 80 fields to the trade repository.”

The company says the majority of Regulatory Reporting Service users are taking the CMS route, although those with internal trading operations are more likely to use both the CMS route and direct access to the reporting service for internal trades that are not confirmed on the CMS. Going forward, Macro expects both CMS and new customers to adopt the Regulatory Reporting Service with its delivery as an SaaS solution appealing to not only buy-side firms, but also small and mid-tier banks that must comply with EMIR.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Nine Recently Updated Private-Market Data and Technology Offerings

Capital-market volatility, squeezed margins and geopolitical tensions are encouraging asset managers to look more broadly across asset classes to spread risk and increase returns. Private markets and other alternative assets have been huge beneficiaries of this trend and are likely to continue gaining share of invested capital, with Preqin estimating that investment in private markets...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...