MiFID and Reg NMS Compliance
Regulatory compliance is a major issue for corporate executives in every industry. But compliance is a particularly significant challenge in markets where the electronic nature of business operations requires up-to-the second monitoring of what is happening.
Financial services is a prime example. In the securities industry, investment firms face the challenge of responding to regulatory initiatives like MiFID (Markets in Financial Instruments Directive) and Reg NMS (Regulation National Market System). With Progress Apama's rich capabilities, those firms have a key component for a technical architecture that can comply with MiFID and Reg NMS.
Traditional Compliance: Looking in the Rear-View Mirror
Traditional compliance software is driven by reporting. Reporting fundamentally depends on a "static" computing architecture that involves storing data, followed by querying the data for compliance constraints. The logic is driven by historical behavior - and can only act after actions have happened.
Apama CEP: Monitor, Analyze, and Act
The Progress® Apama® Event Processing Platform turns that reactive model on its head, acting on events as they happen. Apama's Complex Event Processing (CEP) capabilities enable firms to track and analyze their MiFID compliance as trades are executing, monitoring (or enforcing) best trade execution. And since Apama is a complete platform (and not just an event engine) it can support reporting, reference data and trade history capture requirements, as well.
Graphical Tools: Rapid Definition of Compliance Rules
The Apama Event Modeler graphical CEP development tool empowers compliance business analysts to rapidly develop, evolve, test and deploy key components of their compliance infrastructure. With Apama, financial institutions can respond to the changing demands of MiFID and Reg NMS immediately, as opposed to the weeks or months required by other approaches.
BAM Dashboards: Compliance Visualization
Apama's BAM capabilities provide immediate visibility into trade activity and compliance. Via real-time graphical dashboards, compliance staff can monitor, analyze, and act on a firm's compliance with, or potential deviation from, best execution obligations, joint trading prohibitions or other regulations.
+ Larger View - Compliance Dashboard Example
Event Data Management: Trade History Capture and Reporting
Apama EventStore is a real-time event database that helps users comply with reporting, reference data and trade history capture requirements. For example, EventStore allows organizations to ensure compliance with the MiFID directive's requirement to capture and maintain five years of relevant market and trade data.
Read about Microsoft's selection of Progress Apama for their MiFID Solution Suite.
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