Match-Trade Technologies LLC has launched a new service helping brokers maintain compliance with a wide range of regulations in Europe, including European Securities and Markets Authority (ESMA) and the upcoming Markets in Financial Instruments Directive (MIFID II) legislation.
Match-Trade Technologies caters to foreign exchange (FX) market participants, providing a suite of turnkey matching engine solutions across the retail and institutional space. With the upcoming MiFID II regulations, the need to reconcile compliance measures are more important than ever, a fact that Match-Trade Technologies has used as an impetus for its new service.
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In particular, its new offering will provide targeted solutions for brokers to help meet the best execution policy requirements outlined in the MIFID II documentation and guidelines, as published by ESMA. This compliant service is based on Match-Trade’s existing proprietary matching engine technology.
The launch of the solution represents the latest consideration by a technology provider to offer an improved compliance suite for brokers. The trend looks to continue, ultimately ticking down to the passage of the MIFID II regulatory regime in early 2018.