With MIFID II close to a year old, Cappitech is launching a new Insights tool to help our clients understand how they compare to the rest of the market. The Insight analysis reviews rejection rates for both EMIR and EMIR daily which then are compared to industry rates.
When Cappitech first launched its Regulatory Dashboard in early 2016, our goal was to create the industry’s leading portal cross-regulation reporting analysis. To do this, our dashboard would need to support multiple regulatory jurisdictions, be fully transparent, provide granular data on rejections and offer analytics.
We currently are achieving those goals with MIFIR, EMIR, ASIC and Canadian reporting data available to view on a single platform. All data is easy to view with regulatory messages downloadable directly from the platform. We also incorporated robust transaction analytics with the launch of our Best Execution monitoring tool in early 2018. With Insights, we now offer increased data on rejection rates.
How do I compare to the rest of the market?
One of the common questions we get from clients is how does my reporting compare to the rest of the market? This question led us to want to provide customers answers and the development of Insights.
Some of the new features that are available:
- List of top rejections reasons
- Details if rejections are from internal validations or from the NCA
- Filters by regulation or rejection type
- Filters to view data by specific dates
- Graphical representation of rejection rate percentages versus rolling rates of the industry
In the future, Insights will grow to include other key data points to help your firm. In the pipeline are analytics for LP transaction percentages and leaderboards of top traded products by volume.
See it next week
Insights will become available for free for all Cappitech reporting clients. The product will be displayed publicly for the first time next week at the Finance Magnates London Summit.