Itiviti, a capital markets technology provider has had its Market Abuse Regulation (MAR) utility integrated by Amsterdam-based proprietary trading, Webb Traders, per a recent Itiviti statement.
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Webb Traders’ decision to onboard Itiviti’s Analyst MAR represents an attempt to help solidify its compliance and risk management measures ahead of a new tranche of European Market Abuse Regulation on July 3, as well as the upcoming MiFID II regulation – presently, the passage of the landmark legislation will be passed in January 2017.
Webb Traders will utilize Itiviti’s Analyst MAR across all asset classes, helping promote MAR as well as fostering a host of different functions. These include, among others, real-time monitoring, reporting of orders, trades and quotes on equities, exchange-traded-funds (ETFs), futures and options.
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Itiviti Analyst MAR is one of the company’s flagship offerings in the risk management and compliance space. Itiviti Analyst caters specifically to companies and venues eying MiFID II compliance modules, which emphasizes best execution analysis, algorithmic trading monitoring, and market maker.
According to Marco van den Berg, Managing Director, WEBB Traders, in a recent statement on the partnership: “As a long-term partner and Itiviti trading technology user, we are impressed with the investments Itiviti has made in the compliance and monitoring area.”
“Itiviti Analyst MAR was a straightforward choice as it offers a future proof solution with easy integration and smooth deployment. Looking ahead, we are confident regarding the Itiviti Analyst roadmap. This technology will make available the tools required by our business for both MAR and MiFID II compliance, essential for a trading company like WEBB where compliance has become an important part of our business,” he added.
“There is clearly a strong demand for system agnostic solutions in this area that help ease the growing regulatory burden on our clients, and that reduce integration efforts required to provide multi-asset compliance,” reiterated Lee Griggs, President – Europe, Middle East, and Africa (EMEA), Itiviti, in an accompanying statement.
Itiviti made headlines last month after it partnered with the Canadian Securities Exchange (CSE) to implement a test automation solution.