Pioneer Solutions C/ETRM Readies Market Participants for EU MIFID II

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Pioneer Solutions C/ETRM readies Market Participants for EU MIFID II

Pioneer Solutions C/ETRM readies Market Participants for EU MIFID II

Pioneer Solutions, a leading, global provider of energy portfolio and risk management solutions, announced today at EMART Energy, Europe's leading meeting point for Energy Traders, that it actively works with its customers to comply with transaction and transparency reporting under MiFID ii, the revised Markets in Financial Instruments Regime (MiFID II/ MiFIR) from the European Union.

Effective from January 2018, MiFID II will introduce significant changes. Transparency reporting: This can be separated into pre-trade and post-trade disclosure of the details of orders submitted to and transactions conducted on a trading venue. If you are in scope for transparency reporting you will need to report post trade details in near real time. Transaction reporting: notifying the competent authority of identifying reference and post-trade data. Transaction reporting is T+1 like EMIR, but includes new criteria for when to report (not all EMIR events) and extends the data that needs to be reported. These new data items need to be captured in your source and reporting system.

"Pioneer's Commodity/Energy Trading and Risk Management (C/ETRM) platform was conceived with the back-office as a starting point and therefore offers the latest in data structure and (near real-time) processing capabilities", said Hugo Stappers, Director of Sales & Marketing EMEA at Pioneer Solutions. "As a result, our TRMTracker C/ETRM system delivers superior output capabilities that position our customers to meet regulatory and compliance reporting requirements, such as MiFID ii, EMIR, and REMIT."

About Pioneer
Pioneer Solutions LLC is a leading provider of several software products powered by Financial and Regulatory Risk Management System (FARRMS) integrated platform: unique technological straight through processing solutions for derivative accounting and compliance, renewable energy credits portfolio management and compliance, and emissions portfolio management and compliance.

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Stuart Collins
@Pioneer_ETRM
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