TradingScreen, a provider of SaaS solutions for the financial markets, has introduced a new member of its product suite, Turn-key SI / OTF, which caters to European banks, brokers and other financial players that seek to fulfil MiFID II requirements, according to a company statement.
The release of TradingScreen’s latest solution offers numerous enhancements including the expansion of a fully-integrated trading and matching engine ecosystem, as well as enhanced pre- and post-trade reporting tools satisfying MiFID II requirements.
The new product supports a multi-protocol environment and maintains a quality matching engine. Moreover, the HTML5 interface connects the user to nine global data centers.
Alexandre Carteau, Head of the TradeExchange® business line, said: “The new regulatory framework for the European financial market is pushing financial actors to redefine their role, follow new rules and regulation and upgrade their infrastructure. Moreover, very few Execution Management Systems handle the Fixed income and OTC market like we do. Our 18 years of experience in the field uniquely position us to offer all of the above with our Turn-key SI / OTF solution, a full, one-touch platform for OTFs and MTFs.”
“TradingScreen has a history of providing customized solutions to our clients. European market participants need MiFID II-compliant services, in a very cost-efficient way. We are providing a fast and easy to implement solution reducing the need for expensive internal development. It’s the ideal platform for the OTF community,” added Pierre Schroeder, CEO of TradingScreen.