Investment manager Schroders has selected compliance technology provider SteelEye to provide it will full visibility of its MiFID II transaction reporting workflow, including tools that help manage over or under-reporting as well as data validation errors.

The system provides MiFIR eligibility checks; analytics on rejection handling from both the Approved Reporting Mechanism (ARM) and National Competent Authority (NCA); MiFIR data validation rules; the ability to edit transactions directly within the platform; a full audit trail of all activity; and automatic submission schedules.

“The SteelEye implementation has helped us to improve the level of control and accuracy we have around our MIFID II transaction reporting,” says Keith Frimpong, global head of operations change at Schroders. “We selected SteelEye because of the quality of their technology, the expertise demonstrated by their team and their willingness to support our tight implementation timelines.”

Colin Lambert

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in , , ,