EliData expands its compliance solution offer through the certification with Euronext Trade Publication Transaction Reporting Services which has the status of Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) under MiFID II.
Quotes are published based on MiFID II requirements, including PTTS, either instantaneously or via deferred publication in a standard FIX MMT format.
To this regard, GRS (Global Reporting System) enhances its flexibility and high level of customization and is able to provide clients with multiple choices and the guarantee of system high reliability.
“We are glad and proud for the partnership with Euronext’s Trade Publication Services. In a dynamic context like the financial compliance one, we are sure it is a great achievement to always be time-to-market and guarantee the highest level of reliability to our clients” said Gianluca Bellini, Business Developer and Account Manager at EliData.
Kevin Davis, Head of Exchange Technology Solutions at Euronext, said: “We are very excited to sign a partnership with EliData who will now provide APA and ARM services to MIFID Investment Firms. Together, we will create value for clients that are looking for simple, reliable, and cost-effective data driven solutions.”
Founded in 1999, EliData is specialized in the development of trading and order routing applications for financial markets, transaction reporting systems and data exchange solutions between Front Office and Back Office systems.
EliData designs and develops highly advanced solutions, offering its customers complete knowledge of a dynamic and constantly changing context, technical and functional support for their specific needs and the ability to customize each solution with a tailor-made approach.
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,900 listed issuers and around €6.4 trillion in market capitalisation as of end June 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal.