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Hitec release a raft of MiFID focused solutions.

Hitec Laboratories, the specialist Compliance, Risk & Performance, and Electronic Document Management solutions developer have announced a raft of product announcements, designed to assist Financial Services organizations meet the requirements of MiFID.

Hitec, who have gained 15 years experience in the Banking environment, have released new versions of their flagship CONFORM™, DataStore®32 and Ten® products.

“MiFID presents securities firms with the greatest challenge for over a decade” commented Jeremy Crame, Hitec CEO. “The business areas affected by the regulations are extremely widespread and can impact across Organizational Structure, Governance Oversight, Policies & Procedures, and Trading & Infrastructure”.

CONFORM™ automates the process of creation, dissemination, audited electronic delivery and understanding measurement of Policies & Procedures such as those affected by the MiFID regulations, and the imminent changes to the FSA NEWCOB.

DataStore®32 is a secure digital archive, providing the ability to capture, securely store, manage and immediately retrieve and distribute all forms of regulatory business critical information, such as Client Transaction Data, Statements and Reports.

TEN MiFID Programme Manager provides a single view of compliance against each article of MiFID, together with ownership details, status, and the actions being taken to fill the compliance gaps. The on-line view across all Business Units, Entities, Product Classes and Products ensures that energies are firmly concentrated on the areas of potential high impact, and compliance gaps.