The European Securities and Markets Authority (esma) uses the Markets in Financial Instruments Directive (MiFID) and they have a new version called MiFID II.
MiFID II requires market participants to demonstrate that they have taken all appropriate steps to obtain the best possible result for their clients when executing orders.
Under MiFID II, trades will need to be reported to the National Competent Authorities (NCA) market abuse and surveillance function.
This is a comprehensive reporting requirement and the complexity and required speed of reporting will be increased over time.
The quality, speed and performance of trades will be measured.
The performance of each trade (transaction) is being measured.
This is exactly what Nastel does best. If you need to improve your ability to report on the application stack that manages your trades, then you should be looking at Nastel.
Nastel has provided this exact solution to European and Global customers, who are in production today!
To find out more visit www.nastel.com