January 3, 2018 will be a milestone in European financial markets, as the MiFID II Directive is then implemented in all EU member states, with major implications expected for market participants: trading venues, investment firms and their clients, and for any firm with trading activities in the EU.
Based on our dialogue with clients, Itiviti was early aware of their need for a new toolset to help ease the regulatory burden and control costs for compliance. We started development of an all-new solution to manage collection and consolidation of order/trade data together with market data to secure fully compliant reporting and monitoring.
The result is Itiviti Analyst, a comprehensive regulatory solution built with a modular approach that enables firms to stay on top of new regulatory requirements regarding market abuse, reporting and execution quality. We have already introduced the first module, Itiviti Analyst MAR, to address market abuse regulation that became effective this past July.
New regulatory demands introduced by MiFID II include:
Itiviti specifically wants to address the key areas where MiFID II introduces fundamental changes in European markets, and conducted with the common design objective to allow implementation with minimal impact on existing trading infrastructure. Itiviti Analyst achieves this by making use of industry-standard FIX drop copy of orders and trades in real time. This facilitates deployment and integration with existing trading solutions from any vendor.
Through our partnership with OneTick, Itiviti Analyst adds new data management and analytics capabilities to help clients meet the stringent demands on reporting as well as proof of Best Execution, and doing so in a highly automated fashion.
We develop Itiviti Analyst with innovation in mind, including business innovation. Compliance or ”MiFID II enabled” are only the basic requirements. We should offer solutions that also help clients capture opportunities as a new European market structure emerges as a consequence of regulatory change.
The transition to MiFID II is not just an issue involving new software and operating procedures. Aside from delivering solid trading technology, Itiviti is also a speaking partner and advisor, to guide our clients to success in the new regulatory landscape.
Further information on MiFID II transition and Itiviti Analyst is available here.
Execution In March 2018, Itiviti and ULLINK completed a merger to build a global technology force in the capital markets industry. With extensive and complementary expertise, each company brings a unique heritage and product offering to the table that, when combined, create a new world leader in multi-asset trading and financial infrastructure solutions. May 3, 2018
Execution In the final video in this OMS-EMS series, Lars Wiberg, VP Strategic Research Trading and Trade Execution, discusses innovation in the order and execution management and outlines the most pressing challenges facing firms post-MiFID II. Go to Solutions April 4, 2018
Execution This is the second part in a series that explores the past, present and future of Order Management Systems (OMS) and the closely related Execution Management Systems (EMS). We cover these trading tools mainly from a sell-side perspective. As financial markets change, new demands on trading technology appear. This includes the functional requirements of the […] February 27, 2018
Risk & Compliance Jim Northey, Senior Vice President Strategy and Research at Itiviti, explores the topic of regulation in a post-globalization environment. In the wake of Brexit and the US election, are we moving away from unified regulatory equivalence to regulatory arbitrage, with single countries taking advantage of regulatory changes to attract market share? February 5, 2018
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