SteelEye, the compliance technology and data analytics firm, has been selected by South African brokerage SCM DMA, to help the firm improve its MiFID II transaction reporting.
Regulated by the Financial Sector Conduct Authority in South Africa, DMA provides multi-asset execution, prime brokerage, trading technology and portfolio management solutions to institutional clients and their end customers.
“We selected SteelEye because we wanted to facilitate MiFIR reporting solutions for certain institutional clients using DMA services. When noting the offering also included Trade Surveillance and Best Execution, we decided to extend the services with SteelEye in order to take full control of our compliance processes, some of which we had partially outsourced,” explains Peter Johnson, Director (Legal & Compliance) at DMA. “With SteelEye, we can meet multiple regulatory requirements within one platform, utilising the same data set, and get enhanced insight into our operations.”
