Compliance software house AQMetrics is linking up with a global trade repository to allow fund managers, traders and a wide variety of other firms to trade compliantly.

Its partner in the venture, which will be up and running shortly, is the Depository Trust & Clearing Corporation's (DTCC's) global trade repository, a massive provider of trade reporting services in Europe.

A spokesman said: "This is an add-on to the compliance software. On AQMetrics, you'll be able to access DTCC. The working relationship will help mutual clients with their reporting obligations under the European Market Infrastructure Regulation (EMIR) and, in future, with the Markets in Financial Instruments Regulation (MiFIR).”

AQMetrics does "turnkey pre-and-post-trade monitoring" for Reg NMS, OATS and OTS reporting, UCITS rule monitoring, AIFMD risk management and Annex IV reporting, AML/KYC and UBO monitoring, EMIR Reporting and OPERA reports. Firms that use it can track investors' activity, orders, executions and holdings before and after trading, receive alerts about risks and contraventions of rules and receive advice about compliance in the investment management world.