Over one billion transactions have been processed by REGIS-TR, the European trade repository for derivatives transactions owned by Clearstream (Deutsche Börse Group) and Iberclear (BME), to the beginning of October.

This is eight months after the launch of the reporting duty for exchange-traded derivatives and over-the-counter (OTC) derivatives by virtue of the European Market Infrastructure Regulation (Emir), which came into force on February 14.

“Today, REGIS-TR has approximately 1,000 customers and in September it received more than 200 million transaction reports. Processing has been smooth and without failure,” said Elena Carnicero, CEO of REGIS-TR. “We are ready for even higher volumes.”

The business priority for REGIS-TR is to continue working with the European Securities Market Authority and the other trade repositories to improve pairing rates, where counterparties to a derivative report to different trade repositories.

“As the needs of customers will evolve with the regulatory agenda we will develop new products and add new services to meet their needs,” said Irene Mermigidis, managing director of REGIS-TR.

The additional reporting volume resulting from the implementation of Collateral and Valuations Reporting in August 2014 (EMIR, Phase 2) was smoothly absorbed by REGIS-TR.

Next will be to deliver value-added services such as reporting for trades under the regulation on wholesale energy market integrity and transparency (Remit), the Swiss Financial Market Infrastructure Act (FinfraG), MiFID II and shadow banking rules.