MiFID Surveillance

 

Best Execution

Combines trade-by-trade monitoring for best execution breaches with more complex trend analysis and policy benchmarking. Includes historic snapshot with search and replay functionality.

Client Order Handling

Monitors for proper order handling as defined by Article 47 of Directive 2006/73/EC. Includes prompt and accurate recording and sequential execution of orders. Scenarios include customer order priority, front running large order, trading along with customer order, and order data missing.

Conflicts of Interest

Analyzes situations with pre-defined rules and creates alerts for potential conflicts of interest within the organization, with the ability to configure automatic blocking of such activities. The solution includes workflows that automate business processes, including approvals for M&A mandates, outside business activities, proprietary holdings, outsourcing, and more.

Employee Personal Account (PA) Conflicts of Interest

Provides detection scenarios and workflow management for preclearance of employee personal account transaction requests. Monitors employee personal account transactions for various rule violations, such as holding periods, short term trading, and trading in restricted securities.

Transaction Reporting

Monitors trade reporting obligations and generates alerts of potential violations, with specific scenarios configurable for each reporting authority, MTF or Exchange. Uses a unique seven-step process to transform and prepare the data to regulator level standards.

Suitability

Analyzes trades, transactions, positions, and customer information to detect potential MiFID suitability issues and provides trend analysis by brokers, branches, and more.  Scenarios include suitability of portfolio, suitability of transaction, commission to equity ratio, turn over rate, and loss in equity. The solution provides a unique capability for managers, allowing electronic sign-off on employee transactions on a daily basis.