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

Traiana Supports EMIR Reporting with a Management Solution for Unique Trade Identifiers

Subscribe to our newsletter

Traiana has started to onboard customers of its Unique Trade Identifier (UTI) management solution with a view to helping them meet the February 12, 2014 reporting deadline for European Market Infrastructure Regulation, which requires both sides of a trade to report using the same trade identifier.

The UTI management service is an extension of Traiana’s TR Connect trade reporting solution and is expected to be used not only by existing customers, but also by new customers and customers of the company’s bank customers. The service is designed to help firms cut through the complexity caused by different jurisdictions creating their own UTI methodologies and supports the exchange of UTIs between counterparties, allowing both parties to a trade to report to the same trade repository or to different trade repositories using a common trade identifier.

The solution uses Traiana’s Harmony network to gather UTIs in different formats from banks, normalises the data and publishes the UTIs to counterparties in a format of their choice, in real time or batch mode, giving them a consolidated view of UTIs for reporting. The service can also repurpose UTIs banks have used when reporting to trade repositories and distribute them to clients for counterparty reporting.

Taking the service a step further, reporting to a trade repository can be carried out on behalf of a client as the service can hold UTIs issued by a bank in Harmony and combine these with basic trade economics from the client to make a report. The company also offers a managed service that uses a bank’s trade economics to generate UTIs for the bank.

Steve French, director of product strategy at Traiana, comments: “We are experiencing a lot of interest in the UTI management service and are on boarding customers that need to be ready for EMIR reporting.” As well as complying with EMIR, banks must follow guidelines issued for the use of UTIs by regulators in Asia Pacific including the Honk Kong Monetary Authority, the Monetary Authority of Singapore, the Japanese Financial Services Agency and the Australian Securities and Investments Commission. French says Traiana is working with banks in the region to make sure they are compliant with the regulators’ reporting requirements. The company is also up to speed with the reporting requirements of the US Commodity Futures Trading Commission that include UTI equivalent Unique Swap Identifiers that are mandated in the Dodd Frank legislation.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

A First for RegTech: Corlytics Achieves ISO 42001 Certification for AI Governance

Dublin-based Corlytics has become the first RegTech company to achieve ISO/IEC 42001 certification, positioning the firm among a select group of global technology companies certified to stringent international standards for AI governance. ISO 42001 aligns closely with evolving regulatory frameworks such as the EU AI Act and the UK National AI Strategy. The standard includes...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

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...