EliData, the Milan based company of the CAD IT Group, specialized in the development of trading and order routing applications and leader in Italy in Enterprise Data Management solutions for transaction reporting, has completed the release and activation of its MiFID II services and is now preparing for the next regulatory deadlines.

The services released in January are an integrant part of the EliData Order and Data Management solutions. Combined, they cover all the needs of order routing, trading and transaction reporting of a bank or financial intermediary.

The most recent updates and releases consisted of:

  • activation of Consob as trade reporting venue
  • activation of UnaVista ARM and TradeEcho APA
  • activation of Bloomberg ARM e APA
  • full integration of the ESMA reference data services
  • full integration of GLEIF reference data services
  • services for the client static and reference data management.

“The activation on schedule of MiFID 2 has been a demanding challenge for the whole sector and we are delighted to have given our contribution, facilitating the needs of our clients, that I would like to thank for their trust” – Marco Connizzoli, CEO of EliData, has commented.

“However, the path set out for financial markets regulations is certainly far from being completed.  We are working with our clients to implement their trading obligation requirements for equities and derivatives, the next set of deadlines for best execution and SI reporting, and the compliance to the new Securities and Financing Transactions Regulation (SFTR) that in 2019 will introduce transparency requirements for securities lending” – Connizzoli concluded.