GTR - Switzerland

The Financial Markets Infrastructure Act (FMIA) in Switzerland, (Finfrag) went into effect in early 2016. The goal of the regulation is to align derivatives trading regulation with international standards, and address key changes in the infrastructures of the financial markets, such as trading platforms and central clearing counterparties. Part of FMIA contains a requirement for firms with a registered office in Switzerland to report their derivatives trades to a trade repository.

GTR has submitted an application to become a Foreign Trade Repository (Art 80 FMIA) and, subject to regulatory approval, will be going live in Q3 2018.

benefits

  • Single interface for Global Regulatory Reporting allowing one connection into DTCC therefore making it simpler and more efficient to report your trades.
  • All asset classes supported for both over the counter (OTC) and exchange traded derivatives (ETD) – credit, rates, equities, FX and commodities.
  • Trade submissions can be accepted directly from firms or through a third-party services provider. Several formats are supported, including CSV and sFTP.
  • Multiple delegation methods supported for both counterparty and third-party delegation.

For More Information

To request additional information, please click here.



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