London, 2 March, 2015 Trayport today announced the general availability of its prototype online REMIT reporting tool. The tool, which will enable energy trading firms to meet their regulatory reporting requirements, is already being tested by a number of firms and following successful trials is now available for wider uptake. With the first phase of REMIT reporting commencing on 7 October 2015, market participants will be obligated to ensure they are ready to report standard physical power and gas orders and transactions to ACER timely and accurately and no later than T+1. Building on Trayportâs successful EMIR reporting tool that went live in early 2014, the REMIT reporting prototype shows energy trading firms how Trayport will capture, enrich, report and reconcile orders and transactions on behalf of clients. This data can then be passed onto the firmsâ preferred Registered Reporting Mechanism (RRM), and Trayport is in discussions with EFETnet to include this as an option. Trayport has also registered to act as an RRM at a clientâs request although it stresses that this is not a pre-requisite to use the tool. Trayportâs REMIT prototype automatically aggregates and stores matched and un-matched orders across multiple venues into a single standardised database … continue reading
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Source: CTRM Center