MAP S.Platis introduces solution for EMIR reporting

The European Market Infrastructure Regulation (EMIR) introduces the obligation for all EU counterparties to derivative transactions to begin reporting daily to licensed Trade Repositories by February 12 2014 – a task which appears to be particularly burdensome and costly for most forex as well as binary options brokers.

First Published by e-Forex News: January, 2014

The European Market Infrastructure Regulation (EMIR) introduces the obligation for all EU counterparties to derivative transactions to begin reporting daily to licensed Trade Repositories by February 12 2014 – a task which appears to be particularly burdensome and costly for most forex as well as binary options brokers.

MAP S.Platis is therefore decided to offer a timely reporting service. MAP-ERS is an economical reporting aggregator service covering all asset classes which enables EU financial services firms to deal with this recent and complicated EU reporting requirement, efficiently and economically. Along these lines, MAP-ERS, has been designed and developed by Europe’s leading financial services consultants, with special attention to brokers and market-makers who deal in rolling spot (non-deliverable) forex, CFDs, binary options as well as other exchange-traded and OTC derivatives. Dr. Stelios Platis, Managing Director of MAP S.Platis, confirmed that “along our commitment to support the sector, MAP-ERS has been developed to provide Europe’s financial industry with its most efficient and economical independent solution for EMIR reporting, and in this respect we have put in place a number of specific discounts and packages to ensure this”.

For more information please visit www.mapsplatis.com/map-ers