Orc Adds OneTick to Strengthen MiFID II-Compliant Solutions Offering

MiFID II will introduce new compliance oriented regulation, such as investor protection, surveillance and audit obligations, while also acting as a catalyst for innovation. The combined direct effects of new regulation and innovation is expected to result in substantial changes to the current market structure, with obvious implications for trading technology as well.

"The new European regulatory requirements translate to a need to collect, standardize, analyze and present massive amounts of data," says Christer Wennerberg, head of market structure at Orc Group. "The challenge lies not only in saving data to comply with market surveillance and audit obligations, but to make it useful and available for clients."

As the January 3, 2017 deadline looms, MiFID II remains a significant area of concern.

"We are very pleased to work with Orc to address the requirements for MiFID II compliance, and to support Orc as they build a highly competitive trading solutions offering for the transforming European regulatory landscape," adds Leonid Frants, founder and principal of OneMarketData. "We are confident that the analytics and insight our service provides make OneTick an ideal foundation on which to build surveillance solutions."