Kinetix wins legal approval for EMIR/Dodd-Frank rules engine
The group says that it will help the derivatives industry ensure that all trades can be validated with confidence they comply with the latest regulation.
Kinetix Trading Solutions, a specialist provider of compliance and trade management software for capital markets firms, has gained legal approval for its rules engine for the European Market Infrastructure Regulation (EMIR) and Dodd-Frank Act regulatory frameworks.
US-based Kinetix, whose head office is in Princeton, New Jersey, said that the engine allows derivatives market participants to ensure that their trades can be validated with confidence in advance of the mandatory European clearing deadlines that go into effect this June.
“The law firm Katten Muchin Rosenman LLP has reviewed and validated the updated scenarios, providing important comfort in the world of post-trade compliance,” the group stated. “The Kinetix rules engine now allows clients to automate compliance with a growing mountain of regulation that has increased in quantity, complexity and geographic reach over the last several years.
“We are delighted to play a principal role in ensuring trade certainty for the derivatives industry,” added Guy Dempsey, attorney at Katten Muchin Rosenman.
“With such a complex regulatory landscape, industry participants reach significant benefits from the confidence of legal validation.”
This upgrade expands the existing suite of Kinetix post-trade compliance offerings issued in response to the latest regulations across the capital markets.