Capital Index Partners with SteelEye for MiFIR and EMIR Reporting

Capital Index, an online broker offering FX and CFDs trading, announced today that it has partnered with SteelEye, compliance technology and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term firm, to replace NEX Abide. SteelEye will provide MiFIR and EMIR reporting services to the broker.

According to the official press release, an announcement by the CME Group to close NEX Abide business in 2020 forced financial services providers to find an appropriate solution for MiFIR and EMIR reporting. The new partnership will enable Capital Index to take advantage of SteelEye’s reporting system.

Commenting on the recent announcement, Matthew Wright, CEO of Capital Index, said: “Rather than approaching compliance Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term 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. We are excited to work with the SteelEye team as we use their solutions for EMIR and MiFIR reporting.”

The broker aims to meet all the regulatory obligations through the new partnership. Capital Index is also planning to work on reporting solutions for potential regulatory changes.

Reporting Alternative

After CME’s decision about NEX Abide, it was natural for financial brokers to find an efficient solution for reporting. SteelEye is planning to facilitate all brokers looking for an alternative.

“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. We are delighted to have been selected by Capital Index and to add value to their reporting processes,” Matt Smith, CEO of SteelEye mentioned in the official announcement.

SteelEye recently partnered with Ardent Financial for MiFID II and MAR compliance. In 2019, Finance Magnates reported that a partnership between Gold-i and SteelEye enabled Gold-i’s clients interested in the RegTech solutions to integrate their systems with SteelEye in real-time.