Five Big Banks Pick Droit Financial Technologies for MiFID II Reporting

[kreslik.news]

New York-based Droit Financial Technologies has announced that BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS have selected its ADEPT platform for compliance with upcoming MiFID II post-trade reporting obligations.

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The new participants are big players in fixed income and over-the-counter derivatives. Onboarding the new set of investment banks gives the electronic platform operator a boost in what is expected to be a very competitive area.

The implementation of post-trade transparency rules under MiFID II will require real-time public reporting of detailed information for the majority ... (read more)