SmartStream Adds Derivatives to Its SI Registry
- This came ahead of the MiFID SI Regime September deadline.
SmartStream Technologies, a transaction processing solution provider, has announced the addition of derivatives support to its Systematic Internaliser (SI) Registry service today.
This, according to the company, will help its clients to meet the Markets in Financial Instruments Directive II (MiFID II) deadline of September 15.
Commenting on the development, Linda Coffman, executive vice president at SmartStream RDU, said: “The derivatives component represents the last phase of the MiFID II SI Regime to be rolled out by the SmartStream RDU development team.”
The MiFID II SI Regime mandates the differentiated SI testing of the various asset classes, and for derivatives. This is based on the volume of trades across a class of instruments, in addition to the ISIN level.
The company also highlighted that the updated framework for derivatives mandates the handling of a complex classification scheme.
Deepening Collaboration with APAs
For its SI registry, SmartStream collaborates with the Approved Publication Arrangements (APA) community, including Bloomberg, Deutsche Boerse, MarketAxess, TRADEcho, and Tradeweb. Thus, it maintains a centralized database for the financial instruments.
The extension to support derivatives will strengthen the company’s partnership with the APAs.
“We are excited to once again be able to partner with the industry through the APA community and to provide a helping hand to our clients in meeting all of the necessary requirements come September 15,” Coffman added.
SmartStream is also constantly strengthening its services for the financial markets. Finance Magnates reported in July that the company launched an Intraday Liquidity Stress Testing module as a part of its TLM Cash 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 Management suite.
Furthermore, it added application programming interface (API) support on its Reference Data Utility (RDU) Securities Financing Transactions Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (SFTR), thus allowing fast access to market data.
SmartStream Technologies, a transaction processing solution provider, has announced the addition of derivatives support to its Systematic Internaliser (SI) Registry service today.
This, according to the company, will help its clients to meet the Markets in Financial Instruments Directive II (MiFID II) deadline of September 15.
Commenting on the development, Linda Coffman, executive vice president at SmartStream RDU, said: “The derivatives component represents the last phase of the MiFID II SI Regime to be rolled out by the SmartStream RDU development team.”
The MiFID II SI Regime mandates the differentiated SI testing of the various asset classes, and for derivatives. This is based on the volume of trades across a class of instruments, in addition to the ISIN level.
The company also highlighted that the updated framework for derivatives mandates the handling of a complex classification scheme.
Deepening Collaboration with APAs
For its SI registry, SmartStream collaborates with the Approved Publication Arrangements (APA) community, including Bloomberg, Deutsche Boerse, MarketAxess, TRADEcho, and Tradeweb. Thus, it maintains a centralized database for the financial instruments.
The extension to support derivatives will strengthen the company’s partnership with the APAs.
“We are excited to once again be able to partner with the industry through the APA community and to provide a helping hand to our clients in meeting all of the necessary requirements come September 15,” Coffman added.
SmartStream is also constantly strengthening its services for the financial markets. Finance Magnates reported in July that the company launched an Intraday Liquidity Stress Testing module as a part of its TLM Cash 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 Management suite.
Furthermore, it added application programming interface (API) support on its Reference Data Utility (RDU) Securities Financing Transactions Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (SFTR), thus allowing fast access to market data.