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Societe Generale Cyprus Chooses Point Nine to Enhance Financial Regulatory Reporting

Posted on: 1/22/2018 7:07:22 AM under General News
Societe Generale Bank - Cyprus Ltd has been utilising Point Nine's proprietary post trade processing platform Circle to revamp its trading operations and has been successfully meeting the standards of the Markets in Financial Instruments Regulation (MiFIR) transaction reporting requirements which went live on January 3, 2018.

With the MiFIR regulations requiring more agile and robust data control processes, Point Nine's Circle platform offers Societe Generale Bank - Cyprus Ltd a seamless and effective solution for processing, analysing and reporting trading data.

Saving businesses time and money, Circle's MiFIR transaction reporting engine includes features such as Cross Asset Class coverage, Data mapping, Data enrichment, a Full Audit Trail and Daily Reports, which ensure clients have access to timely and accurate data for regulators.

Furthermore, Point Nine's Circle processes data from various sources, covers all asset classes, translates and submits the reports to regulatory bodies in the format required and also handles acknowledgment messages.

As reported in Gold News.