Overview
TZTR enhances the regulatory reporting lifecycle by using a robust combination of data enrichment, validation and report automation. This approach quickly identifies discrepancies, facilitates their immediate resolution, and streamlines the correction process by enabling firms to directly amend and reconcile trades.
The platform will automatically upload your trade data on a daily basis before enriching it through the eflow Market Data Store (MDS), which sources market data from leading partners including Refinitiv, Dow Jones, Factset and ICE. It will then cross reference these records against the FIRDs register and perform a three-way reconciliation to ensure its accuracy, while also allowing you to make any changes you deem necessary before submission to a regulatory body.
TZTR will generate reports directly from your validated data and submit these automatically to the relevant regulatory authority. Once the reports have been submitted, you can review feedback in the platform before ingesting the regulator’s response files. These can then be used to make field-by-field edits for resubmission.
This end-to-end process is fully automated by TZTR’s built-in workflows which strengthen the accuracy of the data being captured, while also providing a complete digital audit trail of every action taken across the platform. This not only reduces the risk of reporting errors, but simplifies the reporting of vital management information and drives operational efficiency.
Key Features
TZTR functionality includes:
- A fully integrated transaction reporting solution for EMIR and MiFIR
- Automatic, three-way data reconciliation conducted in real-time for complete accuracy and consistency
- Data import functionality enables historic transaction reporting files to be uploaded for continuity in client data
- Error handling, automatic submissions and field-by-field editing all included as standard
- Automated data enrichment for all alerts and asset types from the eflow Market Data Store which curates data from more than 250 sources
- Automatically cross-references all records received against the FIRDS register to ensure eligibility
- Back-tests trade data to ensure retrospective compliance
- Digitally connected to a range of global ARMs, TRs and NCAs for seamless report submission
- Seamless migration from your existing system to ensure zero periods of ‘regulatory downtime’
- Full access to eflow’s customer success team while we onboard you on to TZTR
Key Benefits
Benefits of TZTR include:
- Strengthen your transaction reporting through a centralised digital system that provides ‘one source of the truth’
- Automate your transaction reporting to drive efficiency, reduce operational backlogs and free up resources
- Enjoy peace of mind from data enrichment that validates your trade data against multiple industry sources
- TZTR is agnostic to environment and regulator, offering a scalable solution that evolves with your business
- Configure your platform’s reporting metrics in line with your firm’s regulatory strategy and risk appetite
- Protect your firm against the reputational risk that comes with non-compliance
- Monitor, track and report on all platform activity for transparency across your transaction reporting
- Generate highly detailed reports to satisfy the most granular of requests from regulators
