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

Recorded Webinar: Best practice for Regulatory Change in 2021 and beyond

How to get regulatory change management right and avoid the risks of getting it wrong The burden of regulatory change on financial firms has never been greater, leaving compliance teams under increasing pressure to ensure that changes are reviewed and acted upon in a timely manner. Technology enhancements in this space can help, allowing firms...

BLOG

UnaVista’s Closure of SFTR Service Adds Complexity to Reporting Landscape

The recent decision by London Stock Exchange Group’s UnaVista to close its SFTR reporting service will force clients to decide on selection and implementation of alternative arrangements for meeting their obligations under the EU’s Securities Finance Transaction Reporting regulation. UnaVista late last month said it would cease operations of its SFTR in January 2022, leaving...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

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...