SmartStream Helps Clients With ESMA’s Demands for Increased Data Checks

SmartStream Helps Clients With ESMA’s Demands for Increased Data Checks

LONDON–(BUSINESS WIRE/AETOSWire)– SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces a new regulatory solution, Trading Venue Quantitative Reporting Outlier Reconciliation – helping firms to further meet MiFID II obligations, including assisting trading venues (non-OTC) to fulfil MiFID II RTS 2 transparency requirements. Post-Brexit, ESMA has increased the data continuity checks that trading venues must perform when reporting instrument reference and quantitative data. Any irregularities must be accounted for and mistakes re-reported, so that ESMA can meet its timelines in publishing instrument liquidity, size-specific-to-the-instrument, and large-in-scale calculations.…