On October 5, I headed over to Germany, joined by fellow members of our sales team Mark Holden and Amarjit Randhawa , to represent Corvil at the Deutsche Börse IT Conference. Corvil was a sponsor of the 9th annual Open Day, so we were given the opportunity to connect with the best minds in the exchange IT field.
It was of no great surprise that MiFID II/MiFIR and EMIR dominated the topics of conversation, as well as topics around security, compliance and further regulatory reporting. One of the key takeaways was that investment firms are looking for a strategic solution to their regulatory reporting requirements. Those affected by the new regulations are looking for solutions that cover as many requirements as possible, with low cost and most importantly reducing the regulatory tail risk.
“RegTech” is an area of rapid growth, with the current demands placed on financial institutions and technology companies looking to facilitate the delivery of regulatory requirements. The new requirements outlined by MiFID II/MiFIR means that more data has to be captured and processed for regulatory reporting than ever imagined, also the quality of data, requiring it to be accurately timestamped. For this, people are looking for a trusted third party, something Corvil has been doing within electronic trading before the idea of MiFID II was even conceived.
As MiFID II mandates microsecond-granular timestamps for specific transactions, it is important to have a best-in class solution that can be relied on to stand-up to the regulators. Our solution resonated strongly with those at the conference. If you are interested in finding out more about our solution, please click here.
Thanks to all those at the Open Day, and stopped by Corvil’s booth. There will be additional opportunities to meet Corvil coming up shortly, so check back here for more information.