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

Extended emagine Timestamping Service Supports MiFID II Compliance

Subscribe to our newsletter

emagine’s Time-as-a-Service (TaaS) solution, which enables market participants to timestamp trades to within 100 microseconds, has been made available across BSO’s network of 91 data centres in 20 countries.

Financial services management consultancy emagine says TaaS enables traders to comply with Markets in Financial Instruments Directive II (MiFID II), which went live this week and threatens heavy fines for firms that fail to identify precisely when a trade has been timestamped in line with co-ordinated universal time (UTC). TaaS availability on BSO’s global network means firms operating in North America and APAC can also trace trades to UTC in readiness for similar rules as they come into force in other parts of the world.

Beyond regulatory reporting, the solution offers features including fast service delivery times on any part of the global network, additional bandwidth, the ability to work on existing network infrastructure without the need for upgrades, and cost savings on colocation and data centre space.

Emmanuel Pellé, BSO chief operations officer, comments: “Having an accurate timestamp is imperative. Electronic trading activity not only needs to be measured in terms of latency, it also needs to be forensically assessed and monitored. Our tie-up with emagine enables market makers and trading venue operators to trace their trades to UTC with the utmost accuracy.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Proactive RegTech approaches to fighting financial crime

Financial crime is a global problem that costs the economy trillions of dollars a year, despite best efforts by financial services firms, regulators, and governments to stem the flow. As criminals become more sophisticated in how they commit financial crime, so too must capital markets participants working to challenge criminality and secure the global financial...

BLOG

A Dive into the Detail of the Financial Data Transparency Act’s Data Standards Requirements

As the June 2024 deadline looms for US regulators within the scope of the Financial Data Transparency Act (FTDA) to provide joint rules on data standards and reporting formats, the question of what these standards and formats will be remains open. Front runners are the Legal Entity Identifier (LEI) and eXtensible Business Reporting Language (XBRL),...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 21st at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...