EMIR Transaction Reporting

Building a launchpad for business growth with seamless front-to-back integration from TradeChannel.

Learn how Elo avoids a hundredfold increase in operating costs

When you’re saving for your retirement, you want to know that your funds are in safe hands. For Elo—Finland’s leading provider of pensions for self-employed people—the aim is to support the financing of pensions by obtaining a good long-term return on pension assets relative to the risk of the investments.

About ELO

Founded in 2014 and headquartered in Espoo, Finland, Elo is Finland’s preferred employment pension insurer for self-employed people. One third of all Finnish companies and 40 percent of self-employed people in Finland choose Elo to manage their employment pension insurance needs.

The challenge

To continue delivering optimal returns for pension savers across Finland in a volatile economic climate, Elo must secure the best rates for its trades while complying with demanding regulations. With new European Union reporting requirements mere months away, Elo knew that without creating a solution in time, the company would need to partner with a single counterparty to handle the processes on its behalf—driving up its costs dramatically. The company looked for a way to comply with the requirements in a timely, cost-effective manner.

“We estimate that we have avoided an increase in costs of as much as a 100 times—and we
believe we achieved return on investment from our TradeChannel solution in less than one
week.” – Markus Rusi, Head of Middle Oce, Elo Mutual Pension Insurance Company

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