SteelEye Selected by Ardent Financial for MiFID II and MAR Compliance

SteelEye, a compliance technology and data 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 firm, has been selected by Ardent Financial, a new FCA authorised securities dealer, to provide MiFID II and MAR compliance services, Ardent Financial announced today.

Ardent Financial pointed out that it wanted to use modern tools for compliance from day one. As automation was a top priority for the firm, a unified platform which would increase efficiency and allow them to manage, oversee, mitigate, and prevent regulatory risk for a wide range of regulations and obligations, was equally important.

“We took the decision early on to automate as much of our compliance set up as possible,” said Aidan Brady, chief operating officer at Ardent Financial. “SteelEye enables us to do this, reducing the complexity of what can otherwise be an arduous and painful process. SteelEye is also one of the most cost-effective solutions we came across and very few other vendors offer the same breadth of regulatory compliance solutions.”

Market abuse monitoring and transaction reporting

After surveying the market and following a recommendation from an existing SteelEye client, Ardent Financial selected SteelEye’s services for market abuse monitoring, transaction reporting, record keeping and more, the company said.

“The amount of information collected, stored and used by financial firms has exploded over the past decades. Different data sets spread across multiple platforms and systems makes financial compliance both complex and time consuming,” Matt Smith, CEO at SteelEye, noted. “By having a data-centric approach to regulatory conformance and offering a suite of integrated compliance modules, we enable firms like Ardent Financial to facilitate effortless compliance whilst automating large parts of their processes.”

Designed to help firms Comply Smarter™ by managing their compliance holistically, SteelEye offers solutions for record keeping, trade reconstruction, MiFID II and EMIR transaction reporting, trade and communications surveillance, best execution, transaction cost analysis, analytics and more. Ardent Financial has licensed SteelEye’s core package, trade surveillance and MiFID II transaction reporting.

Ardent Financial

Launched on June 8, London-based Ardent Financial is a global securities dealer that trades bonds and reorganised equities in credit markets across Europe, the U.S. and select Emerging Markets, including Latin America. Ardent is capitalised with institutional-quality permanent equity capital, allowing it to provide firm markets 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 with its own proprietary balance sheet.