Corvil is excited to announce the beginning of our partnership with Abide Financial, a market leader in global regulatory reporting solutions in the UK, Europe and beyond. Despite economic and regulatory uncertainty following the UK Brexit referendum, it is clear that MiFID II is on the way and reporting obligations from MiFID, EMIR, ASIC, MAS, and Dodd Frank will remain pertinent for the foreseeable future.
Corvil and NEX Abide Financial's partnership means a solution for end-to-end transaction reporting and reconciliation solutions to meet these increasingly complex international regulations. The partnership enables reporting parties in UK, Europe, US, Canada, Australia and beyond to reduce risk and achieve faster, more accurate compliance with current and evolving international regulatory regimes.
To satisfy real-time reporting obligations across a range of international regimes, the Corvil-Abide Financial solution offers accurately clock-synchronized, nanosecond-precision timestamped trade transaction data from Corvil directly to the NEX Abide Financial reporting hub. An additional joint risk reduction solution includes reconciliation of middle/back office transaction data with a detailed record of each order message actually sent and received.
The path towards efficient and comprehensive regulatory compliance will be thorny, but Corvil and NEX Abide Financial have come together much of the headache out of the process. Read the full press release here.