Baymarkets Technology Deploys New RegTech Solution, Clarity
- The Clarity solution helps venues reconcile upcoming MiFID II requirements.
Baymarkets Technology AB (Baymarkets), a Nordic provider of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and regtech solutions for the financial services industry, has deployed its new markets solution, Clarity, which caters to banks, brokers, and exchanges.
Clarity helps address a number of different regulatory challenges amidst an increasing demand for automated workflows. The solution is geared towards institutional players such as banks, exchanges, clearing houses, and trading venues. Moreover, the solution also helps shore up pre- and post-trade Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term across all of the trade lifecycle.
Baymarkets has also equipped Clarity with two native solutions, including Clarity limit, which helps provide pre-trade limit and risk checking in line with MiFID II regulatory requirements. Additionally, Clarity Hub helps enable firms to send and receive trades to multiple clearing houses via a single FIX interface.
According to recently appointed Per Andersson, Head of Business Development, Baymarkets Technology AB: "With Clarity, our clients’ get a platform that facilitates changes and additions to their workflow without disrupting their existing production systems. It can be used for adding new logic and for integration of existing systems and services to accelerate the time-to-market for compliant services.”
Baymarkets Technology AB (Baymarkets), a Nordic provider of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and regtech solutions for the financial services industry, has deployed its new markets solution, Clarity, which caters to banks, brokers, and exchanges.
Clarity helps address a number of different regulatory challenges amidst an increasing demand for automated workflows. The solution is geared towards institutional players such as banks, exchanges, clearing houses, and trading venues. Moreover, the solution also helps shore up pre- and post-trade Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term across all of the trade lifecycle.
Baymarkets has also equipped Clarity with two native solutions, including Clarity limit, which helps provide pre-trade limit and risk checking in line with MiFID II regulatory requirements. Additionally, Clarity Hub helps enable firms to send and receive trades to multiple clearing houses via a single FIX interface.
According to recently appointed Per Andersson, Head of Business Development, Baymarkets Technology AB: "With Clarity, our clients’ get a platform that facilitates changes and additions to their workflow without disrupting their existing production systems. It can be used for adding new logic and for integration of existing systems and services to accelerate the time-to-market for compliant services.”