DUBLIN, Ireland, Sept. 26, 2018 (GLOBE NEWSWIRE) — Corvil today announced that Flow Traders, a leading global technology-enabled liquidity provider specialized in Exchange Traded Products (ETPs), has deployed Corvil’s Intelligence Hub to streamline compliance with Order to Transaction Ratio (OTR) requirements.
Until now, meeting MiFID II RTS-9 requirements to monitor and, where appropriate, limit the ratio of unexecuted orders to transactions, has been an onerous, retrospective and costly burden for compliance teams. With many market participants traditionally dependent on end-of-day or similar reporting to assess their overall activity relative to OTR limits, they require new information and processes to effectively manage regulatory risk before finding that they have exceeded thresholds.
Flow Traders, already maintaining a high standard for proactivity and transparency, sought to fortify its OTR compliance, selecting Corvil to assist. To ensure valuable resources remained focused on development efforts for its core trading business, Flow Traders chose to buy a solution rather than build this capability in-house. Through its predictive analytics and live insights, Corvil Intelligence…
