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Oct 06, 2015 • Press Releases

Clarient Partners with FIA Tech to Offer Firms a Streamlined Service for OCR Reporting

Clarient’s Ownership and Control Reporting (OCR) Service provides firms with a centralized platform to collect, verify, store, and refresh OCR information to satisfy CFTC requirements

New York/London/Hong Kong/Singapore, 6 October 2015Clarient, the industry-owned client data and documentation utility, and the FIA Technology Services, Inc. (FIA Tech), a wholly owned subsidiary of the Futures Industry Association, have partnered to introduce a streamlined solution to simplify the reporting process under new Commodity Futures Trading Commission (CFTC) Ownership and Control Reporting (OCR) requirements.  The Clarient OCR Service helps both buy-side and sell-side firms prepare for the new CFTC rule which is expected to go into effect April 27, 2016. 

The Clarient OCR Service, which is now live, provides users with an efficient, easy-to-use platform to collect, validate, store, and designate Futures Commission Merchants (FCMs). Firms simply submit their data into the Clarient Entity Hub, which in turn provides OCR information that has been validated and reviewed directly to the FIA Tech platform. FIA Tech then reports OCR information to the CFTC and relevant exchanges once the account has become “reportable” according to the current OCR rules.  Clarient Entity Hub’s automated data validation controls reduce the likelihood of data errors and help facilitate submission of mandatory OCR reporting information. Additionally, Clarient will incorporate the CFTC data refresh requirements once finalized. 

This new service comes at a critical time as the CTFC seeks to enhance its large trader reporting program. The newly expanded OCR rule will significantly increase trader and account information that is reported to the CFTC. FCMs will be required to collect and report this information to be used when their clients’ trades or positions become reportable under CFTC rules. The Clarient OCR Service simplifies this reporting process by enabling clients of FCMs to provide validated OCR data in one place across all FCMs.

“Reporting entities are reliant on clients to provide data to help them meet their reporting obligations.   The Clarient solution is a very good option for clients to use to manage their data,” said Mary Ann Burns, FIA Tech President.

Matthew Stauffer, CEO of Clarient added, “Working with our bank and asset manager partners, we continue to stay focused on developing a robust product roadmap to help clients better manage their entity data and meet the changing regulatory requirements. This partnership with FIA Tech represents Clarient’s commitment to working with the industry to develop solutions that facilitate compliance with regulatory mandates.”


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About Clarient Global LLC
Clarient Global LLC is a new DTCC company founded in collaboration with Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street. Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and hierarchy information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities. Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements.  For more information, visit

About DTCC
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 15 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. For more information, visit

About FIA Technology Services
FIA Technology Services, Inc. is a wholly-owned subsidiary of the Futures Industry Association. FIA Tech collaborates with the global futures industry to improve operational efficiency. FIA Tech operates four platforms: the Electronic Give-Up System (EGUS), the Electronic Give-Up Automated Invoicing System (eGAINS), the Reconciliation Software (eRECS), and FIA Tech’s OCR Data Service. The OCR Data Service establishes a means for participating firms and their clients to ensure that account data reported to the Commodity Futures Trading Commission is complete, accurate, and properly formatted for review by industry regulators. The EGUS, eGAINS, and eRECS systems integrate to help firms efficiently settle and reconcile their give-up brokerage.

About FIA
is the leading trade organization for the futures, options and cleared swaps markets worldwide. FIA's membership includes clearing firms, exchanges, clearinghouses and trading firms from more than 25 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA's mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA's member firms play a critical role in the reduction of systemic risk in the global financial markets. To learn more, please visit


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Kristi Bartlett


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