TradingScreen announcements.
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SYDNEY, HONG KONG, LONDON, NEW YORK (June 1, 2010) TradingScreen Inc, the premier provider of multi-broker and multi-asset class execution management systems (EMS) to the Buy Side, announced today the integration of a new Short Position Reporting functionality for Australian Securities trading in compliance to the new Short Selling disclosure framework introduced by the Australian Securities and Investment Commission (ASIC). The new Short Selling Reporting Solution will deliver to the TradingScreen Buy Side Community an integrated interface to aggregate and route transaction and position report messages to ASIC through a FIX network. Commenting on the development Philippe Buhannic, CEO of TradingScreen said: “The markets covered by TradingScreen are evolving and the new regulatory requirements create the need for functionally rich reporting and compliance tools that integrate flawlessly with the trader’s activity. Building on a vast, normalized data repository and its Software as a Service (SAAS) model, TradingScreen is able to adapt to local requirements faster than traditional server based solutions; delivering simplicity, automation and control to its large number of deployed desktops. We are very pleased to make this service available to our client base”. The new short position reporting requirements are outlined in the announcement by The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, on 2 October 2009. The regulations propose to require reporting of two forms of short selling information: Transactional reporting and Positional reporting. The reporting of short positions will commence on 1 June 2010. For further information about the ASIC Short Position Reporting please visit www.asic.gov.au For business enquiries about the ASIC reporting service please call TradingScreen Australia on +61-2-8249-4320 Interested press and analysts may contact:Aitor Uria Saporiti at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Direct: +44 207 149 3141
About TradingScreen:TradingScreen is the leading independent provider of electronic trading solutions to the Buy Side. The company offers a suite of execution management and connectivity solutions encompassing all asset classes across global markets. TradingScreen’s goal is to simplify the complexity caused by market fragmentation and the proliferation of asset class and broker specific trading tools, by consolidating execution management of both exchange traded and OTC instruments on a single platform. TradingScreen brings the major global sell side participants and leading regional brokers to a common environment. The benefit to clients is an exceptional reach across counterparties, products, geography and services ranging from execution to algorithmic trading services, prime brokerage and clearing. This functionality is delivered through a proven and reliable ASP install- and-support model. TradingScreen provides global coverage from offices in New York, London, Tokyo, Chicago, Geneva, Hong Kong, Madrid, Paris, São Paulo, Singapore, and Sydney.(www.tradingscreen.com) |