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: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

LSEG Wins Most Innovative Data Quality Initiative Award in A-Team Group Innovation Awards 2025

LSEG has won the Most Innovative Data Quality Initiative Award in A-Team Group’s Innovation Awards 2025 for its Tick History – PCAP, which was expanded this year to offer more than 400 feeds, with new coverage spanning 14 markets in the Americas, eight in the Asia-Pacific region and 76 in EMEA. These awards, now in...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

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...