Regulatory reporting, CFTC position limits monitoring, OTC clearing workflows and cleared swaps margin analytics encompassed in new solution packages
New York – January 24, 2012 – OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today initiatives focused on accelerating compliance with Dodd-Frank regulatory milestones scheduled for 2012.
The Dodd-Frank Wall Street Reform and Consumer Protection Act makes significant changes to regulation of the U.S. over-the-counter (OTC) derivatives market, with the goals of improving transparency, reducing systemic default risk, and promoting market integrity. OpenLink is dedicated to addressing the impact this will have on financial institutions – including regulatory reporting requirements, position limits, and OTC central clearing.
Phil Wang, SVP of Product Management at OpenLink noted, “Our suite of regulatory compliance solutions will enable clients to leverage their previous technology investment in OpenLink to comply with these new requirements and the accompanying changes that will transform the derivatives trading landscape. The goal has been to facilitate compliance with cost-efficient solutions that can be rapidly deployed and flexible enough to adapt to forthcoming changes as they are introduced.”
Highlights of OpenLink’s Dodd-Frank compliance initiatives include:
OpenLink is committed to staying at the forefront of Dodd-Frank regulatory reform, working closely with clients, regulatory agencies, clearing houses, clearing members, service providers and trade data repositories to keep pace with the rapidly evolving derivatives landscape. OpenLink continues to provide leading technology solutions for the energy and financial services markets with its suite of Dodd-Frank regulatory compliance solutions.