Leverate, a technology provider specializing in brokerage solutions for the financial services industry, today launched its new regulatory service, Regyoul8, designed to help firms comply with the vast scale of upcoming MiFID II reforms, set to be implemented in January 2018.
Regyoul8 is a RegTech solution that helps address a number of different regulatory challenges amidst an increasing demand for automated workflows. The solution is geared towards several players including forex brokers and other trading venues. Moreover, the solution also helps shore up pre- and post- trade obligations across all of the trade lifecycle.
Leverate has also equipped Regyoul8 with three native solutions, including Gap Analysis, Report Generation and Automated Reporting, which helps provide several compliance features in line with MiFID II regulatory requirements.
MiFID II rules are set to shake up the old practices of regulatory compliance reporting, drastically changes the rules for financial institutions, particularly informational materials. As such, the new partnership will offer financial operators a comprehensive solution to better manage requirements as well as address regulatory matters that affect a range of functions including trading, transaction reporting, and client services.
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Leverate said that Mr. Panagiotis Nikolaou, a prominent professional in the financial services industry, has led the efforts to create the new solution.
Nikolaou has many years’ experience in the the world of investment firms, in particular supporting brokers to meet their regulatory commitments. He has worked with many European firms in various positions, including that of the general manager, risk manager, executive director, as well as on the front line as head of dealing and brokerage departments.
Panagiotis is a full member of Chartered Institute of Securities and Investments (MCSI) and the Society of Technical Analysts (MSTA).
Commenting on the news, Yasha Polyakov CEO at Leverate, said: “Many brokers simply do not have the in-house knowledge and resource that will enable them to maintain their approved regulatory status.”
Mr. Nikolaou added: “I look forward in working with Leverate, a top tier financial technology firm, so that we can support brokers in meeting this challenge together. Regyoul8 will take participating brokers through a simple and straightforward process towards achieving MiFiR & MIFID II Compliance with excellence.”