Jefferies Selects AxiomSL for MiFID II Transaction Reporting

AxiomSL, a global provider of regulatory reporting and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions, announced today that the New York-based investment bank Jefferies has selected its MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term (the European Union's Markets in Financial Instruments Directive II) transaction reporting solution.

“We are proud that Jefferies has chosen our MiFID II transaction reporting solution,” said Ed Royan, Chief Executive, EMEA, AxiomSL. “Clients require a platform for handling multiple reporting requirements and the platform needs to be able to respond quickly to constant change. Jefferies have recognised that AxiomSL is the effective solution for many of its varied submission requirements.”

Gary Pomeroy, International CIO at Jefferies, said: “We chose AxiomSL’s powerful platform as AxiomSL have proven to us that they have the capability to help us adapt quickly to complex and constantly changing regulatory reporting requirements. We look forward to continuing to work with the team at AxiomSL.”

Last week we exclusively reported that the Global Head of FXCM Pro Brandon Mulvhill is set to leave FXCM after 12 years in a variety of roles at the company. He will be joining Jefferies as Head of the investment bank’s FX prime brokerage.