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.
Risk & Compliance MiFID II posed a significant number of challenges for trading firms across Europe, but its regulatory impact has perhaps not been as dramatic as many had anticipated. Although many analysts predicted the imminent failure of smaller market players and potentially serious consequences for firms undertaking systematic internalization, the regulation came into play without creating quite […] January 7, 2019
FIX Infrastructure End-to-end testing of trading environments is essential for financial services firms today – yet it can seem daunting to implement these complex systems, especially if it involves an overarching overhaul of existing point or legacy solutions. Taking a step-by-step approach can break this down into a more manageable process, while the resulting benefits have the […] December 3, 2018
FIX Infrastructure It goes without saying that it’s imperative for trading technologists to thoroughly test their systems before the put them in a production environment. Clearly, building a market-beating trading platform requires a high level of uptime and a propensity for failure that’s as close to zero as possible. And for years technologists have used a range […] November 5, 2018
Risk & Compliance Nine months into the MiFID II era, it’s time to look beyond the compliance issues and start considering the business opportunities presented to firms operating under the Systematic Internaliser regime. With the support from a value-adding regulatory solution, SI status can be used for competitive advantage, suggests Jonas Lindqvist, Principal, Trading and Trade Execution, Itiviti. […] October 9, 2018
By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.