ThinkLiquidity, a risk management technology group specializing in real-time analytics and consulting services, has become a registered service provider with CME Group, helping extend transaction reporting capabilities to brokers in Australia, according to a ThinkLiquidity statement.
More specifically, the registration represents a cohesive stroke by ThinkLiquidity to tap into the Australian market, which includes brokers currently licensed under the Australian Securities Investments Commission (ASIC) to the CME Group ASIC licensed Australian Trade Repository (ATR).
Consequently, the mandate will see the application of all ASIC Derivative Transaction Rules to all reporting parties, namely licensed brokers. The announcement follows on the heels of CME Group’s license reception back in October 2015 and will necessitate the provision of all material information about derivative transactions and positions to a unified licensed derivative trade repository.
The new integration is important for ThinkLiquidity as it offers a fully automated alternative solution for brokers needing to fulfill their reporting requirements and obligations. Ultimately, the measure will also help streamline its ATR offering, whilst reducing costs.
According to Jeff Wilkins, Managing Director for ThinkLiquidity, in a recent statement on the integration: “By integrating with CME Group we immediately add value to our existing client base by reducing costs and resources spent fulfilling transaction reporting requirements. It also adds a compelling new service to our suite, which will in turn drive new business. If you’re a broker operating in Australia you are required to report these trades, we can now take this reporting burden off your shoulders.”
“This was an easy business decision to make. Our business model has always been dedicated to transparency and operating in the best interest of our clients,” added Mr. Wilkins.
“CME Group is pleased to expand the reach of its Australian Trade Repository and work with ThinkLiquidity. Their expertise in regulatory and risk management for the retail broker community in Australia creates a perfect extension to helping with transaction reporting delivered in a seamless and efficient solution,” added Jonathan Thursby, Head of CME Global Repository Service in an accompanying statement.