MQSoftware, solution specialists in the monitoring and management of real-time financial and trade data, today announced the availability of Q Nami! 3.3 for MiFID - designed to help banking and trading organisations handle the best execution obligations of the Markets in Financial Instruments Directive (MiFID).
Q Nami! 3.3 for MiFID installs easily in middleware environments and is designed to:
- Provide Real-Time Trade Transparency
- Satisfy Best Execution Requirements
- Allow Outsourcing and Measure Service Level Agreement (SLA) Compliance
- Ensure Data Integrity and Audit Documentation
"There has been much discussion about what the "best execution" requirements of MiFID mean," says Dr. David Ching, CTO of MQSoftware, "but it's clear trading organizations will have to monitor and document all current quoted and executed prices for the instruments they're trading, and they will need to maintain an audit trail of this information."
"Q Nami! 3.3 gives you a real-time view into your transaction stream," adds Mr. Phil Hardy, MQSoftware's UK MiFID Specialist. "The payload monitoring feature tells you when, where, how long a trade took to execute and at what price, providing trade by trade assurance."
Additionally, Q Nami! 3.3 for MiFID is designed with a unique trade assurance and monitoring technology, which enables users to proactively identify and resolve performance and availability issues before they affect your trading enterprise.