RTS 28 Reporting Solution

Automate the complex categorization of daily trade data to deliver accurate routing statistics for reporting requirements

MiFID II mandates that investment firms, as part of their best execution obligations, report their top five venues for all trading on behalf of clients. Commencing April 2018, firms are required to make an annual public disclosure detailing these order routing practices for retail and professional clients across all asset classes.

Our solution makes the calculation, formatting and reporting of RTS 28 efficient, simplifying the entire process through a web-based interface and a hosted public site for disclosures.

Investment firms can additionally access an enhanced analytics package for RTS 28 providing filtering and summarization of order routing data beyond the minimum regulatory requirement including date range, venue type, instrument category and client type. Detailed analytics are available on demand and through regular scheduled reports.

Key benefits:

  • Regulatory workflow – Automate the calculation, formatting and reporting process of complex categorization of daily trade data to simplify the process of delivering accurate routing statistics for RTS 28 reporting
  • Verifiable – Maintains a complete audit trail of inbound file processing and client activity
  • Transparency – Public reporting made easier through our comprehensive platform supporting review and annotation prior to publication via our hosted website
  • Enhanced analytics – Advanced analysis available on RTS 28 order routing data providing custom analytics, user defined reports and dashboards

Customers

  • Asset managers
  • Hedge funds
  • Broker/dealers
  • Banks

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