Hedgd, whose technology gives firms full visibility over transactions throughout the trade lifecycle, has joined UnaVista’s Partner Programme. UnaVista is London Stock Exchange Group's (LSEG) global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface designed to help firms become more efficient, and reduce operational and regulatory risk across all asset classes.
UnaVista’s industry leading regulatory service includes an Approved Reporting Mechanism (ARM), that firms can use to meet their Transaction Reporting obligations to National Competent Authorities (NCAs) in order to comply with MIFID II.
By teaming up, the two businesses can provide compliance technology solutions to enable firms to meet regulatory obligations required by MiFID II and other financial directives. Customers can enjoy smoother, more transparent recording of transactions, far swifter audit reporting.
“The deadline to MiFID II compliance gets ever closer, and with just weeks to go many financial firms still haven’t got a solution in place to help them comply with upcoming regulations,” said Oliver South, Co-founder and CEO of Hedgd. “The Hedgd data model was built with MiFID II in mind and, with Hedgd being Software-as-a-Service, together with UnaVista, we can help simplify the compliance to the regulation and enable firms to leverage the additional power of Hedgd and regulatory expertise of UnaVista.”
Wendy Collins, UnaVista’s Managing Director, Strategic Partnerships, added: “As the regulatory environment becomes ever more complex, the demand for innovative solutions that can be deployed seamlessly has soared. We’re delighted to partner with Hedgd so we can help firms fulfil their MiFID II transaction reporting compliance obligations.”