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UBS MTF Selects Aquis Technology for MiFID II Surveillance and Reporting

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UBS MTF (Multilateral Trading Facility) has selected Aquis Technology, the regtech services arm of Aquis Exchange, to provide market surveillance and RTS 27 reporting software as required by Markets in Financial Instruments Directive II (MiFID II).

UBS selected the Aquis Market Surveillance solution on the basis of its strong and comprehensive market monitoring and surveillance, and its ability to meet the MTF’s need for a cost-effective, flexible and performant tool that meets today’s requirements and anticipated regulatory and business changes.

RTS 27 details the best execution element of MiFID II that requires trading venues to publish the quality of transaction execution to evidence that they have taken ‘all sufficient steps’ to obtain best execution for their clients.

Richard Semark, head of UBS MTF, says: “Having looked across the potential suppliers, we felt Aquis was the best fit for us in terms of our current requirements for surveillance and regulatory reporting. Its flexibility will also support development plans for 2018.”

Aquis Market Surveillance uses a high volume, low latency matching engine and real-time market monitoring and surveillance technology to support some of the compliance criteria of both MiFID II and Market Abuse Regulation (MAR).

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