SteelEye to offer MiFIR & EMIR reporting services for Capital Index

By Megha Bhattacharya

Compliance technology and data analytics firm SteelEye today announced that it has been selected by regulated broker Capital Index to provide MiFIR and EMIR reporting services. Capital Index has been able to enhance its reporting process with the implementation of SteelEye and aims to meet its obligations under MiFID II and EMIR.

“Rather than approaching compliance obligations from the perspective of the individual regulations, SteelEye focuses on data and technology first. As we were evaluating our options, this gave us comfort that they would meet all of our needs,” said Matthew Wright, CEO of Capital Index. “We are excited to work with the SteelEye team as we use their solutions for EMIR and MiFIR reporting.”

UK-based Capital Index is an online brokerage specialising in CFDs, Financial Spread Betting and Spread Trading on a range of financial instruments including Foreign Exchange (FX), Commodities, Indices and Metals.

“When CME announced their intention to close their regulatory reporting business, we knew that many firms would quickly have to find an alternative – which we wanted to facilitate as efficiently and seamlessly as possible,” said Matt Smith, CEO of SteelEye. “We are delighted to have been selected by Capital Index and to add value to their reporting processes.”

Recently, SteelEye secured $10 million in a Series A funding round led by the FinTech investments team at Eight Roads along with the participation of existing investor Illuminate Financial. The current investment round has raised the total funding to $20 million.