Leverate and Panagiotis Nikolaou Team Up to Launch Regyoul8 Compliance Solution
- Regyoul8 is a RegTech solution that helps address a number of different regulatory challenges.
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.
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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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers and other 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.
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.
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.”
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.
[gptAdvertisement]
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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers and other 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.
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.
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.”