24 January 2018
visit www.ebaday.com

Oslo Børs upgrades Oslo Connect

12 December 2017  |  1828 views  |  0 Source: Oslo Bors

Oslo Børs, the Oslo Stock Exchange, and Baymarkets Technology AB (Baymarkets), a leading Nordic provider of FinTech and RegTech solutions to the global financial services industry, announced the implementation of the latest upgrades to the Baymarkets OTC system, used by Oslo Connect and developed by Baymarkets, providing Tailor Made derivatives and reporting OTC derivatives transactions.

The updates support the changing regulatory requirements demanded by MiFID II and MiFIR which seek to ensure greater transparency and to enhance fairer, safer and more efficient markets.

The MiFID II / MIFIR enhancements to Oslo Connect include the introduction of new transaction flags into the GUI functionality, ensuring that all required transaction details are available and in correct format, and additional trade cancellation and amendment processing. The system has also been prepared for the use as Approved Publication Arrangement (APA) reporting tool by Oslo Børs.

In addition to complying with regulatory demands, Baymarkets and Oslo Børs took the opportunity to improve efficiency and customer experience with additional functionality including new trade reporting options.
Peter Fredriksson, co-founder of Baymarkets Technology AB says, "The Baymarkets and Oslo Børs teams have worked closely to ensure that the required changes to Oslo Connect have been delivered, tested and implemented before the MiFID II January deadline.” He added” We look forward to continuing to extend the capabilities of Oslo Connect in partnership with Oslo Børs”.

Jesper von Zweigbergk, SVP Derivatives at Oslo Børs commented, “We have been delighted with the responsive and collaborative way that this project has progressed to ensure our compliance with the latest regulations.” He continued, “Our members and their counterparties can be confident that Oslo Connect will continue to provide a robust solution for TM derivatives trading and OTC derivatives transactions reporting.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9838 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9517 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8551 views comments | 17 tweets | 11 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7066 views comments | 6 tweets | 9 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7045 views comments | 13 tweets | 25 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job