AxiomSL, the global provider of regulatory reporting and risk management solutions announced today that Trafigura PTE Ltd, a leading commodity trading firm, will begin using AxiomSL’s platform for its global trade and transaction reporting. Trafigura has offices in thirty-six countries on six continents and has built world-class business by advancing trade – reliably, efficiently and responsibly. Trafigura PTE Ltd will roll-out AxiomSL’s solution across a multitude of trade and transaction reporting regimes, including Dodd-Frank, MAS, REMIT and EMIR as well as submitting to multiple TRs, SDRs, RRMs, etc. It is becoming progressively difficult to keep on top of the ever-evolving regulations, such as EMIR phase II which comes in to effect on November 1 this year, meaning that firms such as Trafigura PTE Ltd are seeking a more strategic and holistic approach to trade and transaction reporting. In addition to the global trade and transaction reporting requirements, AxiomSL will be delivering threshold monitoring checks, such as Clearing Threshold Calculations for non-financial counterparties under EMIR and De Minimis Threshold, which will form part of the overall solution for Trafigura PTE Ltd. AxiomSL’s solution enables firms to not only meet their reporting obligations, but also manage risk exposure across all business functions
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Source: CTRM Center