It has been a decade since G20 member states endorsed a plan to increase market transparency and facilitate global financial stability. With the advent of stringent regulations across a growing number of regimes, counterparties are facing the daunting task of collecting and validating trade and transaction data from disparate trading systems. The margin for error permitted by the trade repositories (TRs) and regulators is decreasing. Not only are requirements more complex, but in most cases, regimes frequently implement incremental updates, making keeping up-to-date with evolving regulations an additional challenge.

Given the significant changes occurring globally, firms require a sustainable process to handle the constantly evolving trade and transaction regulatory regimes. As a result, they seek a regime-agnostic approach supported by a technology-driven, scalable solution that can handle expanding trade and transaction regulation requirements in a SaaS-enabled environment