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Internal Trade Monitoring

Post Trade Control

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Product taxonomy

Message Automation’s futureLANDSCAPE provides a fully functioning platform

to support multiple functions within post trade processing. However, the

power patented technology used to underpin the processing platform

can be focused on detailed analysis of existing trade populations and

on-going activity.

Improving data quality across the organisation

Amongst the many headaches caused by the increased regulation,

internal risk initiatives and improved transparency is the enforcement

of a consistent identifier of OTC products. For many organisations

determining how an existing product naming convention or hierarchy

is defined, applied and maintained is a major challenge.  

The problem exists across asset classes, which in practice may translate

into several silos and primary trading systems. A simple mapping exercise

using existing product types to a single scheme is very likely to be insufficient.

We are now making available to our client community the taxonomy determination

capability of futureLANDSCAPE as a standalone product. Our patented first order logic

rules engine can be deployed along with the pre-configured business rules we supply to determine

the precise product from the full economic details and characteristics of each trade.

As Message Automation continues to maintain futureLANDSCAPE to ensure industry compliance, we can of course supply standard rule sets (such as ISDA) out of the box.  The knock-on benefits are also clear: in addition to the immediate gains from consistent classification of the entire trade population, as the trades have now been analysed to the lowest level of granularity, re-allocating into less detailed groupings for other purposes in the future becomes straightforward.  

How does it work?

The futureLANDSCAPE Product Determination Module can be used for a one-off remediation exercise across a trade population, or in a business-as-usual implementation classifying new trades from multiple systems in real time.  

Most organisation have their trades described in a XML representation, frequently a flavour of FpML.  (We are used to working with proprietary or unusual XML schemas.)  Where this is not the case, and where outlier systems do not yet have this capability, we use the powerful data mapping functions within futureLANDSCAPE to create the required XML or FpML.  

Once the entire population is available to us, we use the rules based product determination process to review the economics of each trade and allocate it to a single type in the hierarchy or taxonomy.  Once the allocation is achieved we can update the XML description, update a database, or merely record product level statistics.

Feature Highlights



Post Trade Control

Affirmation & Platform Connectivity

Clearing Connectivity

House Clearing/Broker Clearing

Client Clearing

Inbound Clearing Reports

Trade & Transaction Reporting

Jurisdictions (Dodd-Frank, EMIR, Asian, Canadian, etc.)

MiFID II Reporting

UpUpcoming Changes- SFTR/

DF SEC/EMIR revision

SFTR Reporting

Getting Value from Trade & Transaction Reporting Solutions

Product Identifiers

Position Verification

Collateral Messaging

Internal Trade Monitoring

Product Taxonomy

Quick Links

Solution Overview

Any Questions?

Inbound Clearing Reports Clearing Connectivity Internal Trade Monitoring Collateral Messaging Affirmation & Platform Connectivity Post Trade Control Trade & Transaction Reporting