London - Itiviti, a technology provider for the capital markets industry, has announced that WEBB Traders, the Amsterdam based proprietary trading firm, has selected Itiviti Analyst MAR, a solution targeting Market Abuse Regulation (MAR) compliance for all asset classes.
WEBB will use Itiviti Analyst MAR for real-time monitoring and reporting of orders, trades and quotes on equities, ETFs, futures and options, to ensure compliance with the new European Market Abuse Regulation which comes into application on July 3, 2016.
"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," says Marco van den Berg, Managing Director, WEBB. "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."
Based on the established Tbricks by Itiviti platform Itiviti Analyst MAR covers all mandatory scenarios subject to MAR on a wide range of asset classes (equities, ETFs, derivatives and bonds). Itiviti Analyst MAR consumes private data (i.e. orders, trades and quotes) through an industry standard FIX drop copy, enabling simple integration with virtually any system.
"We are delighted that WEBB has chosen Itiviti Analyst to ensure MAR compliance for orders trades and quotes for their equities, delta one and derivatives business, as well as for future MiFID II compliance," says Lee Griggs, President EMEA, Itiviti. "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."
Itiviti Analyst MAR is the initial component of Itiviti's regulatory offering. Going forward, Itiviti Analyst will add further MiFID II compliance modules, including Best Execution analysis, algorithmic trading monitoring, market maker compliance as well as modules for Transaction Cost Analysis (TCA) and management of MiFID II parameters.
Itiviti will be exhibiting at the FIA International Derivatives Expo in London on the 7th and 8th of June with senior regulation experts available to discuss MiFID II/MAR in more detail.