The company has been working with various institutions on MiFIR/MiFID II implementations with transparency, best execution, algorithmic trading and transaction reporting being some of the key areas of concern identified.
smartTrade provides banks and dealers with cross-asset solutions for sales-trader workflow management, record keeping, best execution and transaction reporting as well as platform resiliency.
Cross-Asset Single-Dealer Platform
In order to help investment firms digitalise their sales-trader workflow and address their pre-trade and post-trade transparency requirements, smartTrade provides a unique, cross-asset single-dealer platform supporting both FX and fixed income instruments, including derivatives.
The platform allows users to visualise key regulatory information based on dynamic rules and can be integrated with upstream and downstream sources, such as a pricing engine, internal website or Approved Public Arrangement (APA) provider.
For best execution and transaction reporting, smartTrade’s clients can leverage its smartAnalytics solution which the firm added to its portfolio of products in September to deliver greater control and transparency to companies in the trading industry, as reported by FortuneZ.
This solution addresses big data analytics requirements, facilitating the storage of all trading information such as quotes, RFQs, orders and trades, including intermediate states, as well as generating numerous business and regulatory reports.
David Vincent, CEO of smartTrade Technologies, commented: “Many financial firms have approached us looking for a partner to help them get ready in time for MiFID II. With less than a year to go, clients appreciate our regulatory expertise, proven delivery record and our hosted and managed solution which allows for a quick yet assured time to market.”
The smartTrade MiFID II solutions can be delivered as a fully hosted and managed certified platform, as well as software only. The hosted option reduces time to market and costs. It also meets algorithmic trading requirements, particularly for high-frequency trading (HFT) such as microsecond timestamping.