In order to best meet our clients’ needs, and align with our growing portfolio of solutions, Boat Services has changed its name to Simplitium and Boat Oasis has changed name to ModEx.

Welcome to

Facility by Simplitium

/ ABOUT

ABOUT FACILITEX

FacilitExTM is the MiFID II transparency service for Trading Venues (OTFs and MTFs) delivered by Simplitium. The service helps market operators and investment firms operating a Trading Venue meet their MiFID II transparency requirements.

DEVELOPED FOR NEW MARKET STRUCTURES AND REGULATION

FacilitEx was developed in direct response to market demand and provides OTFs and MTFs with the infrastructure to meet their MiFID II transparency obligations. The service leverages Simplitium’s extensive experience in providing regulatory transparency solutions. 

/ REGULATION

THE OBLIGATION

In accordance with MiFID II, Trading Venues are obligated to comply with a range of pre and post-trade transparency regulations. 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.

Pre-trade transparency
Post-trade transparency

Under MiFID II, Trading Venues are required to make current pre-trade information available to the public. This includes bid and offer prices, as well as the depth of trading interest at those prices depending on the trading protocol they support.  

Venues are also subject to the post-trade reporting obligation which requires firms to report executed trades as close to real time as possible (within one minute for equities and fifteen minutes for non-equities). 

/ SOLUTION

THE SOLUTION

FacilitEx delivers a unique and comprehensive transparency market solution specifically designed to help OTF’s and MTF’s meet their transparency obligations under MIFID II. Through a highly optimised and customisable infrastructure, the service caters for the needs of high transaction marketplaces. FacilitEx is designed to meet the demands of today's market structures while being future-proofed for the fast moving global regulatory landscape.

Protocols supported:

  • Electronic Order Book Trading Session,
  • Periodic auction Matching Trading Session
  • Voice Trading Facilities
  • Electronic RFQ
  • Hybrid Models

ONE STOP-SHOP

FacilitEx will cover the entire universe reportable MiFID II Equity and Non-Equity instruments. The solution will make public the price, volume, time of transactions and other additional post-trade reporting fields as close to real-time as is technically possible

FacilitEx will support waivers and deferrals and publish indicative quotes for instruments that the NCA’s have granted waivers for.

Further, the solution will allow venues to choose whether to centralise or send the data over multiple connections for pre and post-trade publications.

FacilitEx will publish pre and post-trade venue obligations via its infrastructure to the market data platform and vendors.

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MULTI-ASSET CLASS SUPPORT

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CALIBRATED FOR DIFFERENT TRADING PROTOCOLS

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SUBMISSIONS VIA FIX

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BUILT USING MARKET LEADING TECHNOLOGY

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HIGH PERFORMANCE

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FULLY HOSTED

/ NEWS

NEWS & EVENTS

Nov
29

FOW Derivatives World London: The Debates 2017

Bujar Bivolaku, Head of Regulation and Market Structure Strategy at Simplitium, will be speaking on a panel at the ‘FOW Derivatives World London: The Debates 2017’ conference. The panel is titled "State of the market: reasons to be cheerful about 2018?". Bujar will be speaking alongside Neil Treloar, Director for Strategy and Business Development for Tradition, the interdealer broking arm of Compagnie Financière ...

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Nov
23

Webinar: The impact of MiFID II on Trading Venues

Hosted by Bujar Bivolaku, Simplitium's Head of Regulation and Market Structures Strategy, this webinar is designed to educate firms on their transparency obligation under MiFID II and the impact this will have on Trading Venues. The webinar aims to bring clarity to the pre and post-trade reporting obligations that Trading Venues will be subject to once MiFID II comes into effect on January 3rd 2018. The webinar also ...

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Nov
21

Simplitium delivers new MiFID II transparency service for Trading Venues

The new service, which is called FacilitEx™, helps MTFs and OTFs meet their MiFID II transparency obligations in a reliable and cost-effective way Simplitium™, financial services transparency specialist, today announced the delivery of a ...

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/ CONTACT

CONTACT / FACILITEX

Unsure of how MiFID II will affect your firm? Will you be operating a Trading Venue under MiFID II? Contact the FacilitEx team to find out how the new regulation will impact your firm and what we can do to help.

5 IRELAND YARD

LONDON

EC4V 5EH