Ullink Launches MiFID II Trade Reporting Solution
Ullink, a global provider of electronic trading and connectivity solutions to the financial community, has launched its MiFID II compliant trade reporting solution to help its clients meet regulatory requirements for greater accuracy in reporting and timeliness of data collection.
Trade reporting reform is a core component of MiFID II. Under the new rules, details of all trades in eligible financial instruments (both equity and non-equity) need to be published to market participants in as close to real time as possible. In practice, for some instruments this means no later than 1 minute after the trade.
This move is posing significant challenges for market participants, illustrated in a recent survey conducted by WBR Research. The survey, which polled 150 equity traders in Europe, found 37% of respondents cited ‘post-trading issues’ as the factor expected to cause the biggest impact of MiFID II reforms.
With more than 15 years’ experience delivering trading solutions to capital markets firms, Ullink has fast-tracked the analysis of ESMA specifications to build an automated solution that will handle cross-asset class trade reporting requirements. The solution provides a central dashboard, providing status of reporting and ability to amend / cancel reports across multiple trade reporting venues operating under Approved Publication Arrangements (APAs). The solution includes Smart Report Routing logic for selecting amongst APAs based on business rules to optimise trade reporting costs.
Richard Bentley, Chief Product Officer at Ullink comments: “With MiFID II implementation drawing closer, there is increasing pressure on firms to deploy automated solutions for trade reporting that can apply the rules correctly, to eliminate possibility of over- or under-reporting. The changing APA landscape also focuses attention on centralised solutions which can process input from multiple front-office Order Management Systems, across asset classes. The new Ullink Trade Reporting solution is a powerful addition to Ullink’s portfolio, aimed at alleviating the burden of new regulations for post-trade workflows.”
Marketing & Communications Director
Tel.: +33 1 49 95 30 00
Tel: +44 (0)20 74269420
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
EXCLUSIVE-GROUP19.10.2017 10:02 | pressemeddelelse
Exclusive Group Adds Mellanox to BigTec Portfolio
DUCO19.10.2017 09:03 | pressemeddelelse
More Firms Select Duco for Mandatory MiFID II Reconciliation
SIAE-MICROELETTRONICA19.10.2017 09:02 | pressemeddelelse
SIAE MICROELETTRONICA Successfully Tests The SDN Application iVeritas in Telefónica Deutschland’s SDN Live Wireless Network
NV-RIMINI-STREET,-INC.19.10.2017 00:02 | pressemeddelelse
Rimini Street Expands Investment and Operations in Europe
CA-GILEAD-SCIENCES18.10.2017 23:45 | pressemeddelelse
Kite’s Yescarta™ (Axicabtagene Ciloleucel) Becomes First CAR T Therapy Approved by the FDA for the Treatment of Adult Patients With Relapsed or Refractory Large B-Cell Lymphoma After Two or More Lines of Systemic Therapy
NY-IFF18.10.2017 22:18 | pressemeddelelse
IFF Launches Re-Imagine…™ Programs to Tap Unmet Consumer Opportunities, Speed Innovation
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum