GREECE: Hellenic Exchanges Group Selects UnaVista Solution for EMIR Trade Reporting

Monday February 17 2014

London Stock Exchange Group (LSEG) has announced that Hellenic Exchanges Group (HELEX) has selected UnaVista Rules Engine and Trade Repository solutions to assist with their regulatory reporting obligations under EMIR. London Stock Exchange will also provide HELEX with assisted LEI registration services for all market participants in Greece who are active in trading derivatives contracts. UnaVista’s product suite provides customers with a whole range of solutions to meet EMIR reporting requirements.

London Stock Exchange’s Local Operating Unit will provide HELEX with the option to assist LEI registration and maintenance for the Greek market. This reduces the regulatory burden on both large and small market participants alike, providing the most suitable solution for a market with a large diversity of firms.

HELEX will use UnaVista’s delegated reporting service to report all Greek derivatives trades to UnaVista Trade Repository, on behalf of up to 3,000 counterparties. All 33 member firms of HELEX will use UnaVista Rules Engine to provide a delegated reporting service for up to 32,800 market participants, reducing operational and counterparty risk. The Rules Engine takes raw data from multiple sources, validates using internal reference data and converts to the format specified by the regulator, before being submitted to the UnaVista Trade Repository.

Click on above link for further details.