Arcontech Solutions for MiFID

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Trading Compliance

Product and service specifications

Database	• N/A
Language used	• N/A
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Tags:

trading, market data, real-time, MiFID, real time, best execution, post trade, pre trade, reporting

Overview

Service Providers achieve compliance in three vital areas of MiFID:

Pre-trade Quotes
Post-trade reporting
Best Execution

Big Win.

We can help you if you are:

an Investment firm / financial services provider
a data aggregator / data distributor / data re-vendor
an end-user / customer / data consumer

Pre-trade Quotes

We can help.

We can help

Post-trade reporting

End-user / customer / data consumer

.

We can help

We can help.

Best Execution

MiFID requires that if you process orders on behalf of a client, you must be able to prove that you have achieved best execution in line with your trading policies. A major consideration in this is best price. So firms will need access to pre-trade and post-trade data. But don't worry, there could be a big win for you.

The Big Win

The three obligations above combine to provide opportunity for considerable savings. Since reports no longer need to be made via an exchange, aggregators and distributors could collect and distribute the data at a fraction of the cost. End-users would no longer need to pay (multiple) exchange fees and the cost of service provision could be reduced. Arcontech has all the technology product required to make this vision a reality. CityVision will interface with most existing systems, so impacts are minimised and pan-European integration is within easy reach.

The law requires that data must be made available on a non discriminatory basis, so it can be available from many distributors, removing vendor dependence. This will drive down data charges and may encourage vendors to provide advanced value added services to remain competitive.

Investment firms / service providers

If you internalise trades (e.g. you cross buyers and sellers on your own book), you must publish firm quotes that are close to the market and be prepared to trade on them. CityVision and Arcontech can help you:

provide click-to-trade order routing on your published quotes

affects all financial institutions trading in regulated markets

If you trade, either via an exchange or OTC, you must report your trades as close to real-time as possible. However, the good news is that you no longer have to report to the exchange - you can choose your reporting agency or publish directly to the market. CityVision and Arcontech can help you:

publish your trades directly to the market, both wholesale and retail, using StarNet

affects all financial intermediaries trading in regulated markets

If you process orders on behalf of a client, you must be able to prove that you have achieved best execution in line with your trading policies. A major consideration in this is best price. CityVision and Arcontech can help you:

store quotes for compliance audit and reporting

Data aggregators / distributors / re-vendors

Pre-trade quotes and trade reports / value added services

You have the opportunity to collect firm quotes from scores of systematic internalisers and trade reports from hundreds of other financial institutions. The volume of traffic is expected to increase dramatically and it will not be acceptable to lose ticks. CityVision and Arcontech can help you:

Real-time data, cheaper

With comprehensive real-time data available from non-exchange sources, there should be no reason for expensive data services or delayed data. CityVision and Arcontech can help you:

connect to one or more data sources for complete coverage

integrate the data into your distribution / pricing / trading systems or..

display data in personalised views

bring data in real-time into Excel

contact us to discuss your needs.
Discuss this further with Andrew Miller, Declan Agnew & Ken Cordery on 020 7405 2111

aggregate and normalise, taking account of different taxonomy/symbology

integrate the data into your distribution systems

publish directly using StarNet

provide value add services, such as off-market price exception feedback

Company