Witkin Jacobsen Announces Cross Jurisdiction UTI Management Solution
Witkin Jacobsen announces that it has launched a comprehensive Unique Trade Identifier (UTI) management solution using the secure EDI network.
<p><img class="alignnone size-full wp-image-5955" src="https://ateeq909.files.wordpress.com/2016/01/sherly19-1.jpg" alt="sherly19-1" width="300" height="176" /></p> <p>As each jurisdiction introduces its own specific trade reporting requirements and UTI methodology, the management and sharing of trade identifiers with counterparts is becoming more complex.</p> <p>The Witkin Jacobsen UTI management service facilitates the exchange of UTIs between counterparts, thereby allowing both parties to a trade to report using a common trade identifier, to the same or different trade repositories.</p> <p>Reporting using the same trade identifier is the responsibility of both sides of the trade and is a cornerstone of trade reporting; the Witkin Jacobsen solution provides a flexible and scalable mechanism to fulfill this requirement.</p> <p>Chao F. Horng, CEO and Chairman of the Board of Witkin Jacobsen, said: "In speaking to our client base it has become clear that the most pressing issue is to manage UTIs across all regulatory reporting jurisdictions so that both parties to a trade can meet their reporting obligations in the required timeline."</p> <p>Cheng Lang, Investment Director, said: "As part of our suite of regulatory reporting solutions, we are pleased to be in a position to provide a comprehensive UTI sharing and management solution, using the secure EDI network."</p> <p>The service provides a true cross-asset platform for UTI management across jurisdictions in order to address the full market need and offer real market efficiencies.</p> <p>Witkin Jacobsen provides buy-side firms and trading platforms with services to monitor pre- trade risk and automate post-trade processing of financial transactions in listed and over-the-counter trading markets.</p> <p>About Witkin Jacobsen</p> <p>Witkin-Jacobsen.com is a full service commodities brokerage that is dedicated to serving investors and hedgers of all varieties. Investors of all types, both seasoned and beginning, can benefit from the commodities markets with both hedging and speculative accounts. The markets offer a chance for great excitement and financial diversification when used properly and within one's means. Witkin Jacobsen is helping traders (speculators and hedgers) and investors trade commodities, futures and options on the agricultures, metals, energies, currencies, softs, interest rates and stock index contracts. Witkin Jacobsen clients also have access to research reports and analysis, which include fundamental analysis, options analysis, seasonal analysis, charting and technical analysis.</p> <p>Contact:<br /> Witkin Jacobsen<br /> Company: Witkin-Jacobsen.com<br /> Address: Man Yee Building, 68 Queen's Road Central, Hong Kong<br /> Email: email@example.com<br /> <strong><a href="http://witkin-jacobsen.com/">http://witkin-jacobsen.com/</a></strong></p>