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Red Deer & Cappitech to deliver MiFID II and MAR compliance solutions

Alistair Downes, VP of Product at Red Deer

London-based FinTech Red Deer has entered into a partnership with regulatory reporting and intelligence solutions provider, Cappitech in a bid to deliver a combined MiFID II and MAR compliance solution for investment managers. According to the suppliers, the partnership will enable them to provide the other’s services to their respective client bases and assist the compliance teams in the management of the complexities in regulations.

Alistair Downes, Vice President of Product at Red Deer, commented, “Our Holistic Surveillance solution delivers value from intelligently surfaced, relevant and correlated data, enabling investment management firms to confidently manage their regulatory obligations with maximum efficiency. The partnership with Cappitech now enables us to help our clients seamlessly meet the requirements of transaction reporting and best execution under the regulations, without affecting their investment or operational workflow.”

Cappitech’s MiFID II solution includes MiFID II Transaction Reporting, Best Execution Monitoring, RTS 27/8 Reporting, RTS 28 Market Intelligence and Trade Reconciliation. Its regulatory service platform offers an analytics dashboard and allows for the extraction of value from compliance data. It provides access to insights based on trading data and connects with trade reports from trading platforms, such as EMS and OMS, to enable MiFID II compliance for clients who are regulated by the likes of FCA, CySEC, CBOI and MFSA, among others.

Ronen Kertis, CEO at Cappitech, added, “This partnership provides multiple benefits for investment managers who are all demanding seamless, integrated regulatory solutions across multiple jurisdictions. Our goal is to provide efficient, cost-effective solutions that also drive added value, and the addition of Red Deer’s Holistic Surveillance solution to our offering supports this. We are also looking forward to supporting Red Deer’s clients, as they look to integrate our regulatory reporting solutions into their existing services.”

Red Deer states that its Holistic Surveillance aims to assist compliance teams in mitigating risk and covers multi-asset class trade and communications surveillance, embedding compliance and control functions within the front, middle and back-office workflows. This attempts to offer operational transparency, quick retrieval of data, and full trade reconstruction to ensure timely and accurate disclosures.

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