Eze Software Deploys New Platform, Focusing on MiFID II Buy-Side Obligations

The passage of MiFID II is less than six months away, heralding a major shakeup in regulations, transaction requirements, and other reporting obligations. With demand for such management solutions and compliance measures reaching a critical mass, Eze Software has launched a new cloud-based commission management platform. The solution will cater to Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term clients looking to reconcile MiFID II requirements and straight-through-commission management needs.

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Eze Software is the latest venue to provide compliance needs for groups ahead of the January 2018 implementation of MiFID II. The investment technology provider’s rollout of a new commission management platform will focus on the full commission management lifecycle – this includes an emphasis on research evaluation, budgeting, unbundling, and the specification of RPA Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

MiFID II will necessitate a more rigorous straight-through commission management process on the buy-side. Consequently, venues will face a need for a comprehensive research evaluation process that is calibrated within the MiFID II framework. The group’s newly introduced lifecycle solution will also link up with Eze’s other recently completed MiFID II enhancements.

All-in-one platform

In particular, the solution encompasses the entire range of full commission management lifecycle. This supports a centralized evaluation, one in which tracking and research components are fed directly into a given budget, where unbundled commission amounts are tracked. Eze Software chose specifically to address this process, helping manage research and client-directed budgets from a singular platform. This will in turn aim to help facilitate the reporting of dedicated trade-allocation and commission data to a composite of teams, clients, and regulators.

Bill Neuman, Managing Director Product Management & Development at Eze Software, commented: “As the buy-side gears up for MiFID II compliance, there is a greater need for a comprehensive, straight-through commission management process. With this platform, we are unifying the disparate elements of the commission management process into a single holistic cloud solution that enables our clients to fully address MiFID II inducement requirements.”

The deployment of its new commission management platform also follows on the heels of Eze Software’s recent promotion of David Quinlan earlier this month. Mr. Quinlan was tasked to lead the group’s business development, specifically addressing client needs relegated to MiFID II. Today’s platform launch is the latest enhancement under his tenure.