In the News
 
Friday, 06 October 2017
Pioneer Solutions C/ETRM readies Market Participants for EU MIFID  [more]
 
Friday, 28 July 2017
ACWA Power Selects Pioneer Solutions Trading and Risk Management  [more]
 
Monday, 10 July 2017
Pioneer Solutions Streamlines Energy Trading & Risk Management for East Coast  [more]
 
 
 
 
Pioneer Solutions C/ETRM readies Market Participants for EU MIFID II
Pioneer Solutions, a leading, global provider of energy portfolio and risk management solutions, announced today at EMART Energy, Europe’s leading meeting point for Energy Traders, that it actively works with its customers to comply with transaction and transparency reporting under MiFID ii, the revised Markets in Financial Instruments Regime (MiFID II/ MiFIR) from the European Union.

Effective from January 2018, MiFID II will introduce significant changes. Transparency reporting: This can be separated into pre-trade and post-trade disclosure of the details of orders submitted to and transactions conducted on a trading venue. If you are in scope for transparency reporting you will need to report post trade details in near real time. Transaction reporting: notifying the competent authority of identifying reference and post-trade data. Transaction reporting is T+1 like EMIR, but includes new criteria for when to report (not all EMIR events) and extends the data that needs to be reported. These new data items need to be captured in your source and reporting system.

“Pioneer’s Commodity/Energy Trading and Risk Management (C/ETRM) platform was conceived with the back-office as a starting point and therefore offers the latest in data structure and (near real-time) processing capabilities”, said Hugo Stappers, Director of Sales & Marketing EMEA at Pioneer Solutions. “As a result, our TRMTracker C/ETRM system delivers superior output capabilities that position our customers to meet regulatory and compliance reporting requirements, such as MiFID ii, EMIR, and REMIT.”

About Pioneer

Pioneer Solutions is a global provider of C/ETRM, environmental management and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s Suite of flexible software applications deliver easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. Our pioneering and award-winning software offers a user-configurable environment and designed for rapid deployment resulting in a lower total cost of ownership and enhanced customer satisfaction.