Tag: EMIR

How Blockchain Is Transforming The Energy Industry

By Luis Colasante Commodity and energy trading houses have proven that they can adapt their business model in an economy that imposes more capital requirements and regulations every day. These companies have invested millions of dollars in the last decade to build efficient systems for their regulatory requirements and key risks. Today, a new technology, blockchain, is shaping the commodity market, making it more efficient with reduced transaction costs. Blockchain is a disruptive technology that allows storing data without the need for a central authority, implying that financial transactions will no longer be stored in a central database but distributed to... continue reading

ACT Commodities Group Selects Pioneer Solutions Trading and Risk Management Cloud Suite

Pioneer Solutions, a leading provider of commodity trading, risk management and environmental information system solutions, today announced that ACT Commodities Group (ACT) has selected its TRMTracker energy trading and risk management (ETRM) system to support the growth of ACT’s environmental commodities trading operations. (PRWEB) OCTOBER 16, 2017 Pioneer Solutions, a leading provider of commodity trading, risk management and environmental information system solutions, today announced that ACT Commodities Group (ACT) has selected its TRMTracker energy trading and risk management (ETRM) system to support the growth of ACT’s environmental commodities trading operations. ACT is one of the world’s leading trading houses in the... continue reading

Pioneer Solutions C/ETRM Readies Market Participants for EU MIFID II

DENVER, CO (PRWEB) OCTOBER 09, 2017 Pioneer Solutions C/ETRM readies Market Participants for EU MIFID II Pioneer Solutions, a leading, global provider of energy portfolio and risk management solutions, announced today at EMART Energy, Europe’s leading meeting point for Energy Traders, that it actively works with its customers to comply with transaction and transparency reporting under MiFID ii, the revised Markets in Financial Instruments Regime (MiFID II/ MiFIR) from the European Union. Effective from January 2018, MiFID II will introduce significant changes. Transparency reporting: This can be separated into pre-trade and post-trade disclosure of the details of orders submitted to and... continue reading

TRADESPARENT and ARCADIA AGRI announce an Alliance Partnership for Commodity Margin and Risk Management Services and Solutions.

TRADESPARENT and Arcadia Agri announced today that they have entered into a partnership to deliver innovative and high quality Commodity Margin and Risk Management services and solutions. Arcadia Agri and TRADESPARENT will work collaboratively to provide integrated commodity hedging, financial, margin and risk management services and solutions to help improve and optimize their clients’ portfolios from the commodity consumers, processing and trading community. Both companies will work together to provide executive-level expert support and will conduct joint marketing to companies. “This alliance will leverage our companies’ respective strengths in the physical commodities advisory and commodity hedging in combination with a novel software solution”, said Ito van... continue reading

ACT Commodities Group Selects Pioneer Solutions Trading & Risk Management Cloud Suite

Pioneer Solutions, a leading provider of commodity trading, risk management and environmental information system solutions, today announced that ACT Commodities Group (ACT) has selected its TRMTracker energy trading and risk management (ETRM) system to support the growth of ACT’s environmental commodities trading operations. ACT is one of the world’s leading trading houses in the worldwide environmental commodity markets. Founded in 2009 as one of the first companies to pursue this market, they are now one of the largest specialist firms for trading carbon emissions, biofuels, renewable energy, and energy efficiency. This is complemented with widespread activity in the oil and... continue reading

TRADESPARENT launches European Regulatory Add-On Edition

TRADESPARENT presents a brand-new add-on module to report on regulatory compliance affecting the commodity industry. This Add-On Edition is fully integrated in TRADESPARENT’s Base and Enterprise versions and an integral part of the flexible and data-driven risk management solution setting the standards in the industry. Our unique approach to data integration and aggregation from multiple sources, harmonizing the data, applying specific business logic and reporting is available for external stakeholders as well, in a way you (and the competent authorities) desire! Next to the position and performance insights you are used to with TRADESPARENT, the platform now includes regulatory monitoring... continue reading

Amended EMIR RTS published in the Offical Journal – New reporting starts on 1st November

Following its adoption by the European Commission a few weeks ago(see here), the amended Regulatory technical Standard (RTS) on EMIR reporting has now been published in the Official Journal of the European Union, and can be found here. This means that the start date for the new reporting formats is 1st November 2017. It also confirms … Continue reading →... continue reading

Fines in the banking world

The CFTC in the US have fined Société Générale SA $450,000 for failing to report trades to an SDR (Swaps Data Repository). The notice can be found here. The bank had implemented a software update in July 2014 which led to the problem. It was not fully fixed for some time afterwards. In Europe, EMIR … Continue reading →... continue reading

Possible changes in EMIR outlined in Commission report

Last week the European Commission published this report, which provides views of the implementation of EMIR since it came into force in August 2012, and started to apply in the following 18 month. It is written following ESMA’s EMIR review, which was published in the summer of 2015. The report address a few issues which were … Continue reading →... continue reading

ESMA propose delay to start of EMIR mandatory clearing

ESMA have issued this press release and this final report, suggesting that the start of the clearing obligation for “smaller” financial counterparties under EMIR be delayed. Instruments requiring mandatory clearing via a CCP under EMIR are those where: They are specified as one of the instruments to be cleared under a delegated act Neither of … Continue reading →... continue reading

Delegated reporting, and EMIR feedback from a regulator

Many market participants use “delegated reporting” to meet their obligations under EMIR and REMIT. This involves another party, such as the counterparty, reporting on their behalf. This blog post by Gordon Allot of Broadpeak Partners gives several reasons why such reporting may not be on offer in future, which will require market participants to change their … Continue reading →... continue reading

Articles on reporting

There have been several announcements over the past weeks in the area of reporting regulatory data , with changes under EMIR, details on MiFID II transaction reporting, and REMIT documents. This article by John Kernan of REGIS-TR published on the LinkedIn site examines the challenges of reporting under different rule sets and considers whether convergence … Continue reading →... continue reading

Further EMIR RTS adopted – new backloading deadline and UTI approach

The European Commission have now adopted a further set of documents which amend the Regulatory technical Standards (RTS) on the reporting of trades. The amendment RTS can be found here, and the annex with the fields here. This follows a first document adopted a week earlier. The changes in the document are applicable 20 days and … Continue reading →... continue reading

EMIR reporting changes – getting closer

The European Commission have adopted changes to the EMIR reporting standards. The changes to the RTS (Regulatory Technical Standard) can be found here, and the new list of fields here. The documents are based on a report from ESMA issued at the end of last year (see here). The documents must now pass a “non … Continue reading →... continue reading

Webinar on Finfrag

The Swiss FMIA(“Finfrag”)  regulation will was passed into law in January 2016 and will start to take effect in the coming months. The rules are broadly  a Swiss version of EMIR, and amongst other things include a requirement to report derivatives to approved Trade Repositories. Unlike EMIR, Finfrag mandates “one sided” reporting, where only one of the counterparties … Continue reading →... continue reading

ETR Advisory to provide further regulatory training with Entrima

ETR Advisory will be providing further courses on regulatory topics together with Entrima in November in Amsterdam. Two courses will be run: MIFID II – A look at the topics of interest to those in Energy and Commodities. See here. Trade reporting under EMIR and REMIT – A rule refresher and look at the new … Continue reading →... continue reading