About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Cappitech Launches New MiFID II Market Intelligence Product

Subscribe to our newsletter

Cappitech, an Israeli provider of regulatory reporting and intelligence solutions, on April 15 announced the launch of RTS 28 Market Intelligence, an electronic surveillance and analytics tool to assess firms’ best execution capabilities across all asset classes and benchmarks performance to the industry average.  The new tool, says the firm, will enable financial institutions to finally monetise regulatory reporting data.

MiFID II reporting standard RTS 28 requires all financial institutions operating in Europe to demonstrate their best execution practices by publishing reports annually listing their top five venues for trading on behalf of both professional and retail clients, across all asset classes.  While these reports are publicly available, they are notoriously hard to view and analyse since the datasets are large, exist in varying formats and are published on multiple websites.

Cappitech’s new RTS 28 Market Intelligence product is designed to help asset managers to optimise performance by monitoring their execution quality versus that of their peers and identifying areas for improvement.  It also provides information on the most popular execution venues, brokers and liquidity pools.  Risk managers can identify areas of significant counterparty concentration; determine where execution quality may be compromised; and compare their performance against the industry average.

“While the usefulness of MiFID II’s early RTS27 and RTS28 has been called into question, analysing them on an aggregate level could prove extremely valuable not only for best execution, but also from a competitor analysis and sales perspective,” says Tim Cave, Equities Analyst at the TABB Group.

Cappitech also claims to have identified the most popular execution venues and brokers among the top 100 asset management firms in Europe. According to the new intelligence tool, the top three execution venues overall in 2017 were 1) Goldman Sachs International, 2) JPMorgan Securities and 3) Citigroup Global Markets.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

Regulators Stay Tough: Why Surveillance Matters in 2025

By Paul Cottee, Director, Regulatory Compliance, NICE Actimize. A common question has arisen in recent conversations and at conferences. Now that major U.S. regulators have new leaders and enforcement heads in place, will enforcement actions slow down both in the United States and around the world? In other words, can financial institutions ease surveillance efforts? ...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...