Validate.Trade

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Overview

Our Validate.Trade software is the only comprehensive GTR Emulator and data validation engine, substantially reduces data quality issues and operational costs when reporting derivatives trades to the DTCC GTR.  

The solution ensures compliance across all asset classes and regulatory jurisdictions.  A lightweight validation engine, combined with a central rule development, testing and distribution service, helps reporting firms improve the quality and completeness of their DTCC trade data.  

Validate.Trade provides:

  • Validation of CSV and FpML messages
  • Regulatory coverage of Dodd-Frank / CFTC, EMIR ESMA, Canada, HKMA, JFSA, MAS and ASIC
  • Asset Class coverage of Rates, Credit, FX, Equities, Commodities, ETD and OTC Lite
  • ​Use cases for Development, Automated Testing, Back Testing, QA, UAT and Production monitoring
  • Over 8000 validation rules included
  • Rich HTML5 analysis dashboard
  • Lightweight and fast validation engine with easy installation
  • Full horizontal scalability for processing millions of messages
  • Ability to add client-specific validation rules

Key Features

Validate.Trade provides:

  • Validation of CSV and FpML messages
  • Regulatory coverage of Dodd-Frank / CFTC, EMIR ESMA, Canada, HKMA, JFSA, MAS and ASIC
  • Asset Class coverage of Rates, Credit, FX, Equities, Commodities, ETD and OTC Lite
  • ​A full in house GTR Emulator
  • Extended validations vs. GTR specs and non-GTR regulatory rules
  • ​Use cases for Development, Automated Testing, Back Testing, QA, UAT and Production monitoring
  • Over 8000 validation rules included
  • Rich HTML5 analysis dashboard
  • Lightweight and fast validation engine with easy installation
  • Process millions of messages with full horizontal scalability
  • Ability to add client-specific validation rules
  • Real time integration via JMS, ReST, http/https or In-Process solutions

Key Benefits

Validate.Trade delivers these key benefits to your Derivatives Operations, Testing and Compliance teams:

  • Increase the data quality, completeness and transparency of your DTCC GTR submissions
  • Generate a complete audit trail of your derivatives trade reporting submissions, including validation rules applied, failures / successes, and GTR responses
  • Rapidly identify, drill down and resolve derivatives trade reporting issues at a granular level
  • Run fully automated testing using an in-house DTCC GTR Emulator
  • ​Monitor high volume submissions for compliance issues on an intraday basis -- resolve issues within minutes not days
  • Apply validation rules tested by multiple global banks via our collaborative industry program
  • Maintain 100% control and confidentiality of your data --  your reporting data and validation results remain strictly within your firm at all times
  • Select specific validation rule sets to run per your requirements
  • Download regular rule updates via secure web portal

Product/Service details

Geographic Availability
Asia-Pacific, Europe, North America