JULY 04 2018
Tags: capital markets, compliance

MiFID II: excellent performance delivered by TAS Group’s new Record Keeping solution, now available also as a service

TAS Group promptly met the requirements introduced by the new MiFID II legislation, which came into force last January, by upgrading its solutions for routing, best execution, post-trade transparency and transaction reporting. Over 20 installations serving around 100 banks have successfully completed the regulatory deadline.

Record Keeping, an innovative and high-performance order book based on Big Data architecture, is the latest solution developed by TAS Group to comply with MiFID II archiving requirements.

The solution allows all customer procedures to be easily integrated and, at the same time, facilitates the extraction of data for regulatory reporting and market abuse procedures.

The adoption of the hadoop architecture, which supports distributed applications – simplifying storage operations and managing large datasets – has also allowed the implementation of an innovative and strategic data lake for all trading operations, which can be used for compliance and business data analytics.

Record keeping is available both on-premise and as Plug & Go (service) and can be easily integrated with the client’s existing infrastructure via FIX and/or with TAS protocols.


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