MiFIR/MiFID II arrives on January 3rd, 2018
Brokers, funds and banks will soon face new regulation reporting requirements when MiFID II goes into effect on January 2018. Firms will be required to issue daily Transaction Reports and put into place a process to monitor client execution quality.
Are you ready? Cappitech can help
Whether your firm is already preparing for MiFID II or hasn’t started yet, Cappitech can help reduce your reporting headache and lower costs of compliance.
To solve MiFIR/MiFID II, Cappitech created Capptivate. A Software as a Service (SaaS) product, Capptivate is a cloud based transaction reporting and validation solution. It easily connects with trade reports from trading platforms and databases to create MiFID II regulation formatted files to automate the reporting process for our customers.
Compliant with FCA, CySEC, CBOI, MFSA and other EU Regulator Requirements
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 via daily email updates and a web-based dashboard.
How your firm benefits
SaaS & Automation: Significantly cuts the initial IT and HR 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 discounts as a result of reporting on behalf of many firms, and passes these on to our clients. A result is significant cost improvement for customers.
Customized for your business
Onboarding transaction reporting solutions for over 50 brokers, Cappitech understands the needs of Forex/CFD and Binary Option brokers to provide a cost effective and simple integration process.
Capptivate provides integration with fund management and OMS software in a secure environment to provide MiFIR reporting at costs similar to self-reporting to an ARM.
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 partnered with Cappitech for EMIR reporting and not only have we reduced our reporting costs, but we also benefit from a full outsourced solution that reduces our total cost of ownership more than originally expected. “
OR KAPELINSKY , MANAGING DIRECTOR, iFOREX CY
“Cappitech has delivered several critical front, middle and back office projects for us over a number of years. I have always found them to be responsive to our needs and able to deliver high quality solutions in a timely but risk averse manner”
Mike Green, COO ITG Europe
“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