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FSA approves Xtrakter for deriv reporting
09 March 2010
Xtrakter, the post trade reporting service, has gained the approval of the UK Financial Services Authority for regulatory reporting of exchange traded derivatives, using alternative instrument identifiers (AII).
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The new AII approval was awarded to Xtrakter after it successfully completed an FSA review after a period of extensive testing.
Yannic Weber, Xtrakter’s CEO, said: “This endorsement reinforces our position as a regulatory reporting hub for European transactions. Xtrakter delivered its new AII reporting functionality on time and we are already processing complex derivative reports.”
The reporting service, which has been owned by Belgium’s Euroclear since April, recently lost CEO Kevin Milne to the London Stock Exchange group. Milne joined the LSE as director of post-trade services on January 18. He will run post-trade services for equities and derivatives, as the group looks to diversify its offerings.