Simplitium delivers new MiFID II ...
The new service, which is called FacilitEx™, helps MTFs and OTFs meet their MiFID II transparency obligations in a reliable and ...Read more ›
FacilitEx is Simplitium’s suite of transparency services for Trading Venues, brought to market to help OTFs and MTFs meet the increased transparency obligations introduced by MiFID II.
One way in which MiFID II aims to improve transparency is by bringing trading onto regulated facilities. As traditional OTC trading migrates onto Venues, FacilitEx provides OTFs and MTFs with the tools to publish pre-trade quotes and post-trade reports in line with the regulation and thus ensure continued operations.
The service was developed in cooperation with market participants and based on market demand for a regulatory solution that helps Venues meet their MiFID II pre and post-trade reporting obligations in an efficient, simplified and cost-effective way.
In accordance with MiFID II, Trading Venues are obligated to comply with a range of pre and post-trade transparency obligations. This must be accomplished in accordance with the type of trading system they operate and the requirements set out in Annex I: RTS 1 for Equity and RTS 2 for Non-Equity instruments.
FacilitEx covers the entire universe reportable MiFID II Equity and Non-Equity instruments and provides OTFs and MTFs with the tools to publish pre and post-trade information to the market in line with regulatory requirements.Through a highly optimised and customisable infrastructure, the service caters for the needs of high transaction marketplaces.
Your regulatory requirements as a Trading Venue are wide ranging and at Simplitium we aim to provide solutions for the majority of them.
While pre and post-trade transparency services are part of the immediate offering, FacilitEx has the flexibility and scope to develop throughout 2018.
We will be adding additional functionality to FacilitEx to help firms comply with the wide ranging obligations as an OTF or MTF under MiFID II.