This often results in time-consuming remediation and validation to rectify incorrect report submissions or to simply establish if a particular trading activity has been over or under-reported. Furthermore, senior executives within these institutions are compelled to ensure that risk management processes are comprehensive and correctly implemented post-trade. Reputational impact aside, this is to avoid financial penalties, as well as resource inefficiencies that, for example, stem from an imbalance between over-reporting and under-reporting.

Trade & Transaction Reporting from Droit provides a flexible solution that covers eligibility, validation, and traceability to track and accurately report compliant trades in real time. Not only does it address the need for primary support in creating submissible reports, but it can also be utilized for quality assurance purposes with its very precise eligibility and validation checks on post-trade reporting output. This means the right reports, with the right fields completed, at the right time, allowing front office and middle office teams to fully focus on client opportunities, comfortable that reporting obligations have been fulfilled. And, because it’s powered by Droit’s patented Adept platform, the decisioning process on what needs to be reported is fully automated, adding further precision to reporting requirements.