WWW.CORVIL.COM © 2 0 1 9 C O R V I L LT D . Corvil is a registered trademark of Corvil Ltd. MARKET MAKER IMPROVES COMPLIANCE & RISK MANAGEMENT CSS-190417 SUCCESS STORY CHALLENGE Rising Cost and Complexity of Compliance with Emerging Regulation Faced with the increased venue scrutiny and reporting of the ratio of unexecuted orders to transactions (OTR) posed by MiFID II Commission Delegated Regulation (EU) 2017/566 to prevent disorderly trading conditions, the firm was challenged by the high cost and complexity of: • Daily review of reports from over a dozen execution venues covering thousands of instruments • Reactive compliance checking when each venue calibrated its own OTR limits and fines per instrument • Multiple automated trading strategies that combine into a firm-wide OTR f

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