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November 14, 2023

KOR Reporting Granted Australian Derivative Trade Repository (ADTR) License, Elevating Its Presence in the Australian Market

KOR | NEW YORK AND SYDNEY ― KOR, a leading independent global derivatives regulatory platform known for its user-centric design and innovation, is pleased to announce that it has been granted an Australian Derivative Trade Repository (ADTR) license for all asset classes and servicing all client segments. With this significant achievement, KOR becomes only the second company to hold such a license in the Australian market.

Authorization of an ADTR license builds on KOR’s other global trade repository licenses and evidence of confidence by the regulatory authorities to meet the critical role of processing and storing regulatory reports. The license reinforces the company's position as a trusted partner for financial institutions, fund managers, and market participants in the Australian market.

“Obtaining the ADTR License represents a significant moment in our journey towards enhancing transparency and regulatory compliance in the derivatives market,” said Tara Manuel, Chief Compliance Officer at KOR Reporting. “This achievement underscores our commitment to delivering innovative solutions that empower our clients while adhering to the highest regulatory compliance standards."

KOR’s sub-second message processing, insightful rejection responses, real-time rejection grouping, API access to reports, advanced UI, rapid onboarding, and user-centric design workflows have established a new standard for a high-performing trade repository. The ADTR license marks a critical milestone in KOR’s global pursuit of all significant trade repository licenses.

For more resources on the ASIC license, please see the weekly ASIC Gazette of November 14, 2023, and the ASIC derivative trade repositories overview page.

About KOR

U.S.-based KOR is a fintech company that develops future-minded technology innovations tailored specifically for derivatives markets. KOR Reporting Inc. is an operator of global licensed derivative trade repositories. KOR Financial Inc. delivers a full suite of modular services that enable market participants to meet derivatives reporting mandates with unparalleled operational efficiency, user-centric designed systems, full processing transparency, and comprehensive self-service capabilities. Founded in 2020, the KOR team comprises former trade repository heads, top domain SMEs, and technology pioneers, creating a ground-up platform specifically for transaction processing.