Colt Launches New Partnerships, Pushing Cloud-based Ecosystem Ahead of MiFID II

Colt Technology Services has once again bolstered its compliance regime, extending its PrizmNet financial extranet solution in a bid to foster connectivity to a cloud-based ecosystem of MiFID II solutions. The move was aimed to help capital markets firms deal with multiple aspects of the upcoming aspects of the directive, which is slated to come into effect in January 2018.

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The latest iteration of its compliance solutions will include a partnership with TraderServe for algorithm testing, as well as Aquis Exchange for its Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities, and TRADEcho for trade reporting. The trifecta of groups working with Colt will aim to push a more cohesive network that links the global capital market ecosystem, connecting over 10,000 firms worldwide.

2018 in Focus

Currently, Colt PrizmNet helps provides a scalable, secure platform that rapidly links and supports market participants in such channels as surveillance and data management – the primary impetus behind the solution is preparing firms for the upcoming compliance requirements within the MiFID II directive.

According to Ralph Achkar, Director of Strategic Alliances, Capital Markets at Colt, in a recent statement on the extension: “MiFID II will require immense changes to participants’ technology infrastructures and deployment models of services used. Given the vast scope of these changes, there is no ‘all in one’ solution to address the new requirements. Firms will require best of breed solutions and efficient deployment models to address the different areas of the Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term.”

“With Colt’s financial extranet we aim to bring together an ecosystem of such specialised solutions, giving firms easy access to a wide range of financial content and services. Colt PrizmNet provides an efficient delivery platform for MiFID II compliance solutions,” he added.