Arcontech talks up MiFID compliant CityVision package
Arcontech - a leading developer of real-time market data software – will unveil, in January at its user group, how its CityVision suite is now fully ready to facilitate compliance with MiFID (Market in Financial Instruments Directive) regardless of the detailed requirements which are yet to be clarified.
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Andrew Miller, Arcontech's Managing director, said: "Whilst the details of MiFID are yet to be firmed up, we can be sure that a market data publishing system will be required that will manage a high volumes of data from many sources in an intelligent way, combining controls on accessibility with a wide range of input and output interfaces. Our suite has always delivered this, and we have now drawn together the threads to ensure that it will provide a turn-key solution for the detailed requirements that will emerge."
Andrew, who is an active member of various MiFID-related working parties (including several subgroups of the MiFID Joint Working Group), added: "Arcontech's CityVision suite can help investment firms, data aggregators, data distributors and service providers achieve compliance in the three relevant areas of MiFID: pre-trade quotes, post-trade reporting and best execution.
"Given the inherent flexibility of the CityVision system, institutions that choose our software - which range from major investment banks through to retail providers of on-line contracts-for-difference trading - will find that the impact is limited to straightforward configuration changes rather than software re-development, greatly reducing operational risk and costs of implementation."