Point Nine Announces Successful Migration to New Trade Repository KDPW

Point Nine Data Trust​ ("Point Nine"),  a dedicated regulatory reporting firm focusing on providing trade/transaction reporting services to legal entities worldwide, announced that it has successfully migrated to Central Securities Depository of Poland (KDPW), one of the key infrastructure institutions of the Polish financial market.

KDPW will be the new Trade Repository to collect and maintain records of OTC derivatives for the UK regulatory reporting services provider after CME group closes its European Trade Repository.

Following CME's closure announcement in May, clients have initially turned to the firm asking about appropriate responses. As Point Nine has a long history of several successful migrations such as EMIR level 1 validations rules, EMIR level 2 validations rules, and EMIR level 3 validations rules, it quickly built up omnipresent trust in its clients that was consistent accross this migration project. 

Antreas Artemiou, Partner at Point Nine said: "We worked closely with KDPW.SA for such a nuanced project and we are confident in our choosing the Trade Repository. Their API connectivity secured an advantage of "real-time" submission and feedback, while their XML Structure and additional Validations, comparably are more suitable for a seamless integration with Point Nine." 

Maciej Trybuchowski, CEO of KDPW added: "We are very happy to be able to welcome CME's clients to their new home in our trade repository. Moving to KDPW, they will be joining an EU Trade Repository that is fully authorized by ESMA under EMIR and SFTR, which also offers no-nonsense porting and very competitive pricing and generous discounts for CME clients. No less important is our qualified and experienced on-boarding team. We are satisfied that Point Nine has selected KDPW for its regulatory reporting needs and we look forward to a long and prosperous partnership."