Cappitech: transaction reporting, reconciliation, integrations and exit-data obligations

Cappitech is S&P Global Market Intelligence’s regulatory-reporting technology and services offering. It combines reporting workflows with exception management, reconciliation and specialist assistance. Its published coverage includes European, North American and Asia-Pacific regimes, but that product coverage is not a finding that every regime applies to a particular broker. The profile concerns the reporting service, not a brokerage or a trade repository licence.[1]

For an FX/CFD brokerage, the useful question is where control breaks occur. A valid file can contain an incorrect counterparty classification; an accepted report can still disagree with a position record. The control design should therefore follow data from the execution source to the destination acknowledgement and subsequent reconciliation, not stop when a file leaves the broker.

The EMIR product page lists push or pull integration through files and systems including CSV, XML, APIs, message queues and Snowflake. It also describes enrichment of product codes, LEIs and UTIs.[3]

A practical integration test includes cancelled and corrected trades, lifecycle events, partial fills and instruments with incomplete reference data. A second run of the same file should not silently create a duplicate reporting event. The broker should retain an auditable link between the original transaction, transformed record, destination response and remedial action.

The Booking Form identifies fees and the contracting S&P entity; no universal public cash tariff was established. Compare proposals by regime, reporting entity, volume definition and purchased services.[8]

The price comparison should use like-for-like reporting units. A trade, position, report, correction and lifecycle message need not be the same billable unit. Obtain the vendor’s definition before comparing per-record quotes. Include historical remediation and backloading, not just a normal day’s new transactions.

Consulting services include gap analysis, field mapping and data lineage, evaluation of existing reporting controls and operational support after technology go-live. This can assist a migration, but the public description does not establish a universal implementation deadline or a guarantee of regulatory acceptance.[6]

The platform’s published sequence is connect, validate, enrich and submit. For implementation governance, each stage needs an owner and an exception queue. A record rejected for missing source information is not fixed merely by retransmitting it; someone must correct the source or apply an authorised enrichment rule.[2]

Reconciliation outputs can be delivered through dashboards, downloadable reports and automated SFTP. The tool supports both direct correction within the service and resubmission from the original source. A firm should define which route changes its authoritative record so that a later replay does not undo a remediation.[5]

The reconciliation page advertises around-the-clock help with breaks, resubmissions and backloading. A customer should still obtain the contracted incident categories, response targets, escalation contacts and division of responsibility when a repository or source system is unavailable. Availability of a contact route is not evidence of a measured resolution time.[5]

The terms characterise delegated work as technical support, not legal or regulatory advice or compliance certification. Customers retain submission-review and rejection-monitoring responsibilities.[8]

Cappitech uses CAT to mean complete, accurate and timely. That wording is not evidence of a US Consolidated Audit Trail product; the actual reporting regime must be specified.[1]

The MiFIR product explanation routes reports through an ARM and exposes review notifications through the dashboard. The distinction between the software layer, reporting mechanism and competent authority should remain visible in the broker’s procedure and vendor inventory.[4]

Cappitech’s current product pages sit within S&P Global Market Intelligence. Its offering is described as cloud-based SaaS, with a reporting platform, analytical controls and consulting support. That group branding is not the contractual counterparty: the operative supplier is the entity named in the signed Booking Form.[1][8]

The inspected public terms are version 1.12, for services commencing from 4 May 2026. They operate with the applicable master agreement and Booking Form; legacy contracts may differ.[8]

Operator

The S&P Global entity named in the signed Booking Form

Service scope

Cappitech combines reporting technology, controls and managed expertise. The profile covers interfaces, pricing scope, delegated reporting, support, contract boundaries and the data needed to change reporting providers.

Customer types

Brokers and investment firms; Banks and asset managers; Reporting operations and compliance teams

Delivery

SaaS; Managed service

Pricing publication

Quote only

Platforms

Cappitech reporting platform

Implementation

Mapping, validation, endpoint onboarding and reconciliation must be defined for each reporting scope.

Support

Regional contacts plus specialist reporting support; customer-specific escalation terms were not available.

Permissions and regulatory scope

Technical reporting service, not a regulatory-compliance certification or substitute for legal advice.

Provider metadata checked 20 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 6Source 7Source 8Source 9

Customers must download data before termination. The terms permit deletion after three months and offer a 30-day window to request porting assistance, potentially subject to prepaid charges.[8]

The exit inventory should include source files, transformed submissions, acknowledgements, lifecycle links, reconciliation breaks and the history of fixes. Test the export while the service is operating. A new vendor cannot reliably reconstruct reporting lineage from a final position balance alone.

The published offering includes AI-assisted anomaly detection, classification and summaries.[1]