Bank Accelerates Regulatory Reporting by 3 Months

Corvil provides streamlined order record keeping for MiFID II compliance.

Challenge

Rising Cost and Complexity of Compliance with Emerging Regulation

  • Compliance implementation across diverse trading platforms and execution venues
  • Creation of a consistent means of timestamping and capturing reportable events across multiple asset classes

Solution

Single System for Consistent Capture Across Multiple Asset Classes, Platforms and Protocols

  • Time-sequenced record of the entire order lifecycle for Equities and Fixed Income transactions
  • Automated correlation and normalization of messaging changes that occur across infrastructure such as gateways and smart order routers
  • Nanosecond-precision order record timestamping with identification of clock synchronization anomalies to satisfy current regulatory requirements and to reduce cost burden of future, more stringent rules regarding timestamping
  • API integration with existing storage systems to automate long-term record keeping data retention

Results

Reduced Operational Cost and Complexity of Compliance

Compliance timeline by 3 months
Compliance-driven changes to trading operations
IT staff productivity through automation

Download or Schedule a Demowith a Corvil Specialist

About the Customer

Large Commercial Bank

Supports companies, savings banks, private and institutional investors with capital market matters.

Executes high-volume transactions across 10+ venues subject to regulatory requirements

Supports multiple asset classes with diverse trading platforms

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Greenwich Associates Research

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