Brokers, funds and banks now face new regulation reporting requirements since MiFID II went into effect on January 2018. Firms are required to issue daily Transaction Reports and put into place a process to monitor client execution quality.
Cappitech can help you be MiFID II Compliant
Cappitech can help reduce your reporting headache and lower costs of MiFID II compliance using its regulatory platform, Capptivate. Capptivate, a Software as a Service (SaaS) platform, is our cloud-based compliance platform that provides access to instant insights based on trading data so that decision-makers can make informed data-driven decisions and monitor best execution practices. It easily connects with trade reports from trading platforms such as EMS and OMSs to enable a seamless MiFID II compliance for our customers who are regulated by the likes of FCA, CySEC, CBOI, MFSA and other regulators
How it works
Capptivate connects to customer trade records, enriches the data, reformats the file, validates trades and reports directly to an Approved Reporting Mechanism (ARM) on our client’s behalf. Information on trades is then made available in real time via our web-based dashboard. The Platform can also send a daily email confirming the reporting and alerting of any issues that may arise.
How you can benefit
SaaS & Automation: Significantly cuts the initial IT and labor costs to begin reporting and the ongoing work required to keep the reporting compliant as laws are updated regularly.
Operational excellence: Our Client Services team monitors client trades on an ongoing basis, alerts and helps fix any reporting exceptions.
Reporting fees: Cappitech benefits from trade volume fees as a result of reporting on behalf of many firms and passes these on to our clients. This can result in significant cost improvement for customers.
Customized for your business
Onboarding transaction reporting solutions for over 50 brokers, Cappitech understands the needs of Forex/CFD brokers to provide a cost effective and simple integration process.
Firms benefit from our flexible integration process which includes connectivity to treasury systems to automate reporting as well as customized Excel templates for manual file uploads.
“We’ve been working with Cappitech since MiFID I and our clients that use Cappitech’s technology to assist with their regulatory reporting have done so with great success. Our continued work with Cappitech will help firms navigate the complex regulatory reporting environment MiFID II has brought to the industry .”
Christopher Smith, Head of TRAX (MiFID II ARM)
“ITG have partnered with Cappitech since its inception. The confidence and trust that Cappitech has built with us through their high-caliber staff and the quality of their work has allowed ITG to continue to develop its technology and product suite in an innovative and productive manner. We view Cappitech as a key strategic partner for ITG".
David Meitz, CTO, ITG