The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

IHS Markit Swallows Catena Technologies

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.

Related content

WEBINAR

Upcoming Webinar: The future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYC

Date: 24 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Perpetual Know Your Customer (or pKYC) could be a game changer for client onboarding, due diligence and financial crime compliance. Moving on from today’s reactive approach that conducts client KYC processes at onboarding and typically at one, three and...

BLOG

Tractiv Raises $2.25 Million to Build Out Tracking Solution to Aid Regulatory Data Validation

Chicago-based data usage monitoring and tracking specialist Tractiv, founded in 2020 under the name TradeX, has raised $2.25 million in seed funding to expand its engineering and sales teams. At the same time, the company has added Mark Almeida, to its board of directors. Almeida is Limited Partner Advisor at Nyca Partners – which led...

EVENT

FRTB Briefing Virtual (Redirected)

The FRTB Briefing Virtual will examine key focus areas and priorities for banks in 2020 and offer guidance, advice and expertise for tackling the challenges and pain points around implementing the FRTB regulation.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...