A-Team Insight Blogs

Cappitech Launches New MiFID II Market Intelligence Product

Share article

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.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?

The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...

BLOG

Why the Finance Industry Needs Traceable Timing Across All its Operations

By Richard Hoptroff, Founder and CTO of Hoptroff London. As the virtual world expands, so do the applications for highly accurate, traceable time. Its most established industry is finance. If clocks on servers drift and are untraceable back to a verified source of universal time (UTC), conflicts can arise. Orders can look as if they...

EVENT

RegTech Summit London

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...