Cappitech Launches RTS 28 Market Intelligence Execution Tool
- The solution allows firms to monitor their execution quality and identify weaknesses.
Cappitech, a regulatory reporting and intelligence solutions provider, announced this Monday that it has launched RTS 28 Market Intelligence, an electronic surveillance and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term tool.
According to the statement, RTS 28 Market Intelligence allows “financial institutions to use regulatory compliance data to their own advantage.” The MiFID II reporting standard RTS 28 requires all financial companies operating within the European Union to disclose their top five venues for trading for retail and professional clients in annual reports.
The RTS 28 Market Intelligence tool assesses the data from these reports, which are notoriously hard to view. By analyzing the data, it can assess the best execution capabilities of firms across all asset classes and benchmark the performance of each company against the industry average.
This allows companies to monitor their execution quality against their peers and help asset managers to identify areas for improvement. It also allows firms to see the most popular execution venues, brokers and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools.
Ronen Kertis, CEO of Cappitech
Source: LinkedIn
Commenting on the solution, Ronen Kertis, CEO and Founder of Cappitech, said: “We are pleased to launch RTS 28 Market Intelligence in direct response to our customers’ concerns they were seeing little value from their regulatory reporting efforts."
“The new product will enable financial institutions to improve their competitive advantage by extracting market intelligence from reported data with the simple click of a button. This will not only provide granular analysis of a firm’s performance versus that of its peers but will also bring greater transparency to the industry.”
Goldman Sachs Tops 2017 as Best Execution Venue
According to the RTS 28 Market Intelligence solution, the top three execution venues overall in 2017 was Goldman Sachs International at the top, JPMorgan Securities came in second and Citigroup Global Markets in third place.
Tim Cave, Equities Analyst at the TABB Group
Source: LinkedIn
"While the usefulness of MiFID II's early RTS27 and RTS28 has been called into question, analysing them on an aggregate level could prove extremely valuable not only for best execution, but also from a competitor analysis and sales perspective," added Tim Cave, Equities Analyst at the TABB Group.
Cappitech, a regulatory reporting and intelligence solutions provider, announced this Monday that it has launched RTS 28 Market Intelligence, an electronic surveillance and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term tool.
According to the statement, RTS 28 Market Intelligence allows “financial institutions to use regulatory compliance data to their own advantage.” The MiFID II reporting standard RTS 28 requires all financial companies operating within the European Union to disclose their top five venues for trading for retail and professional clients in annual reports.
The RTS 28 Market Intelligence tool assesses the data from these reports, which are notoriously hard to view. By analyzing the data, it can assess the best execution capabilities of firms across all asset classes and benchmark the performance of each company against the industry average.
This allows companies to monitor their execution quality against their peers and help asset managers to identify areas for improvement. It also allows firms to see the most popular execution venues, brokers and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools.
Ronen Kertis, CEO of Cappitech
Source: LinkedIn
Commenting on the solution, Ronen Kertis, CEO and Founder of Cappitech, said: “We are pleased to launch RTS 28 Market Intelligence in direct response to our customers’ concerns they were seeing little value from their regulatory reporting efforts."
“The new product will enable financial institutions to improve their competitive advantage by extracting market intelligence from reported data with the simple click of a button. This will not only provide granular analysis of a firm’s performance versus that of its peers but will also bring greater transparency to the industry.”
Goldman Sachs Tops 2017 as Best Execution Venue
According to the RTS 28 Market Intelligence solution, the top three execution venues overall in 2017 was Goldman Sachs International at the top, JPMorgan Securities came in second and Citigroup Global Markets in third place.
Tim Cave, Equities Analyst at the TABB Group
Source: LinkedIn
"While the usefulness of MiFID II's early RTS27 and RTS28 has been called into question, analysing them on an aggregate level could prove extremely valuable not only for best execution, but also from a competitor analysis and sales perspective," added Tim Cave, Equities Analyst at the TABB Group.