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

Corvil and Abide Collaborate to Support MiFID II Real-Time Reporting Obligation

Subscribe to our newsletter

Corvil is working with regulatory reporting provider Abide Financial to help firms comply with regulations that include a real-time reporting obligation such as Markets in Financial Instruments Directive II (MiFID II). The partnership also reduces risk by reconciling middle and back office transaction data with a record of each order message that is sent and received.

The combined solution uses Corvil technology to capture clock synchronised, timestamped trade transactions in real time, normalise, sequence and enrich the data, and stream it in near real time through a jointly developed connector into Abide’s cloud based data hub. A series of Abide processes, including additional error checks, manage the data, reconcile it with middle and back office data, and publish reports to regulators.

David Murray, chief business development officer at Corvil, says: “The integration of Corvil and Abide technology makes it possible to achieve faster and more accurate compliance, particularly with time reporting requirements like those in MiFID II. It also means clients don’t have to build a reporting solution and they get a higher level of error checks as errors identified by other users are noted in the Abide hub.”

As well as providing timestamped transaction reporting for MiFID II, the integrated solution can support requirements of other regulations such as Dodd-Frank and European Market Infrastructure Regulation (EMIR), and is suitable for use by firms across the UK, Europe, US, Canada and Australia that must comply with international regulatory regimes.

Murray says Corvil decided to collaborate with Abide as clients were increasingly using its data and analytics to meet some parts of regulatory requirements, but as a result of the collaboration they can achieve complete multi-regime reporting. He expects Corvil, Abide, joint clients and new clients to be interested in the solution and says the companies are in conversation with some joint clients and are building a proof of concept.

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

The Data Year Ahead: AI Reality Check and New Skills Needed

If 2024 was the year when artificial intelligence (AI) came to the fore in data management, the next 12 months could see its spread ebb as financial institutions take a reality check and slow the frenetic pace of adoption. That, at least, is one of the many predictions for the new year from of a...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...