A new ETD Reporting solution improves regulatory transparency for listed derivatives.

NEW YORK, Nov. 18, 2024 — Droit, a leader in computational law and regulation technology, today announced its new Exchange Traded Derivatives (ETD) Reporting product. This product is designed to enhance regulatory transparency and ensure compliance with global reporting standards for listed derivatives.

Increased scrutiny of position-based reporting to clearing agencies and exchanges has heightened the need for clearing firms to modernize their reporting systems. Internal and external audits are driving the adoption of more robust controls to guarantee report completeness and accuracy, mirroring standards for OTC transaction reporting.

Droit’s ETD Reporting offers precise identification and management of reporting obligations, streamlining quality assurance before and after submission. Initially concentrating on high-risk clearing, collateral, and margin reports, the product will expand beyond futures and options to encompass a wider range of listed instruments.

With regulators intensifying enforcement and issuing penalties for reporting errors, clearing firms face the challenge of processing large volumes of trade and position data daily while adhering to complex, diverse global regulations. Senior management also faces pressure to establish a comprehensive quality assurance process. Many clearing brokers still rely on outdated, opaque systems lacking transparency and auditability.

Droit’s ETD Reporting provides a comprehensive quality assurance platform for consistent regulatory compliance. The product’s transparent design, allowing complete traceability from decision-making to source data, guarantees accuracy in complex regulatory interpretations.

“Our new ETD Reporting product creates a unified quality assurance process for Exchange Traded Derivative reports,” said Blythe Barber, Head of Business Development, Americas of Droit. “Using Droit for completeness and accuracy checks, clearing firms can implement a single global process, substantially reducing the operational burden of manual methods. Front and middle office teams can concentrate on client opportunities, confident that reporting obligations are met.”

“ETD Reporting is a significant step in our strategy to expand our regulatory reporting products to listed derivatives,” said Brock Arnason, Founder and Chief Executive Officer of Droit. “Our clients have numerous regulatory reporting obligations across departments. By adding ETD Reporting, we aim to offer a single platform for global compliance and real-time controls, empowering our clients to navigate these challenges effectively.”

About Droit

Droit is a technology firm specializing in computational law and regulation in finance and other sectors. Established in 2012, Droit serves many of the world’s largest financial institutions. Its award-winning, patented Adept platform implements regulatory rules reflecting industry best practices. Adept processes tens of millions of inquiries daily, determining in real-time the legal permissibility of interactions globally. Institutions use Adept to evaluate, with sub-millisecond latency, the full regulatory implications of any transaction within their infrastructure.

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SOURCE Droit