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GLMX joins UnaVista Partner Programme to ease SFTR reporting process

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GLMX, a specialist in technology for the trading of securities financing transactions, has joined the Partner Programme of trade repository UnaVista, part of London Stock Exchange Group, to simplify Securities Financing Transaction Regulation (SFTR) reporting requirements for market participants.The new regulation, which comes into effect in April, is designed to increase transparency in repo markets but presents a complex reporting challenge for firms. As a member of the UnaVista Partner Programme, GLMX connects directly to the trade repository on behalf of clients, streamlining the onerous SFTR reporting process and enabling firms to fulfil regulatory obligations.
 
“We are delighted to have GLMX as part of UnaVista’s Partner Programme. This underlines UnaVista’s commitment to simplifying SFTR for reporting firms. With the rollout of SFTR starting next month, firms need to prepare to meet their reporting obligations,” says Michael Leach, managing director of global business development at UnaVista. “Our collaboration with GLMX simplifies how their clients’ data is routed to UnaVista, helping to ensure that securities financing transactions are reported accurately and efficiently.”
 
“The digitisation of repo transactions and associated data is a prerequisite for effective SFTR reporting, which is accelerating the shift towards electronic trading for securities financing transactions,” says Phil Buck, Managing Director, Europe at GLMX.
 
“Today’s announcement marks an important milestone for GLMX, as we continue to expand collaborations with the leading European trade repositories ahead of SFTR implementation,” adds Buck. “By partnering with UnaVista, we can ensure seamless connectivity for regulatory reporting on behalf of our customers.”
 

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