Case Study
Regulatory Compliance and reporting
Challenges Response ? Deliver a trade store and reporting solution for EMIR, MAR, MAS and MiFID-II ? Compliant with ESMA Regulatory Standards (RTS) ? Persist all trade life-cycle events (RTS-24), orders and RFQs synchronised and time-stamped @ sub 100 micro-seconds (RTS-25), with 5 year history. ? Delivery of Best Execution TCA reports as “ v alu e- ad d ” within post- trade confirmations. ? Latency sensitivity, solution must be non-intrusive. ? Lack of regulatory, low-latent, concurrent technology SMEs. ? Immovable delivery dates imposed by regulators. ? Synchronisation of eTrading sub-network clocks to UTC within 100us using GPS and PTP. ? Implement ESMA compliant data store meeting non- functional and regulatory targets (5 years history, accurate time-stamping, fast data ingress) ? Deve