SmartStream launches SFTR security reference data service

The SmartStream Reference Data Utility (RDU) announced the launch of a cloud-based security reference data service in advance of the European Union’s Securities Financing Transactions Regulation (SFTR) requirements.

In order to provide an accurate, comprehensive and easy-to-access means of obtaining the information, the SmartStream RDU acquires instrument reference data from a broad range of industry sources. It then normalizes, enriches and maps this information into the format required by SFTR and makes it available via a simple, cloud-based API. Data is updated daily and five years of history is retained and accessible for back-loading, corrections and effective audit controls.

Peter Moss, CEO, SmartStream RDU, said in a statement: “Although ESMA’s reporting guidelines have yet to be fully finalized, proactive firms will now be planning carefully how best to meet SFTR reporting obligations. SFTR transaction reports are complex and most firms have been focusing on capturing the details of the transaction, creating a UTI and ensuring that they have the necessary counterparty details already. Our goal is to remove the complexity from sourcing high-quality reference data and enabling firms to focus on managing their business”.

Read the full release

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