Cappitech, a regulatory reporting and , announced this Monday that it has launched RTS 28 Market Intelligence, an electronic surveillance and analytics tool.
According to the statement, RTS 28 Market Intelligence allows “financial institutions to use regulatory compliance data to their own advantage”. The MiFID II reporting standard RTS 28 requires all financial companies operating within the European Union to disclose their top five venues for trading for retail and professional clients in annual reports.
The RTS 28 Market Intelligence tool assesses the data from these reports, which are notoriously hard to view. By analysing the data, it can assess the of firms across all asset classes and benchmark the performance of each company against the industry average.
This allows companies to monitor their execution quality against their peers and help asset managers to identify areas for improvement. It also allows firms to see the most popular execution venues, brokers and liquidity pools.
Source: LinkedIn
“The new product will enable financial institutions to improve their competitive advantage by extracting market intelligence from reported data with the simple click of a button. This will not only provide granular analysis of a firm’s performance versus that of its peers but will also bring greater transparency to the industry.”
Goldman Sachs Tops 2017 as Best Execution Venue
According to the RTS 28 Market Intelligence solution, the top three execution venues overall in 2017 was at the top, JPMorgan Securities came in second and Citigroup Global Markets in third place.
Source: LinkedIn
Be First to Comment