UK Regulator Deepens Partnership with Sopra Steria

Although there were reported glitches after Mifid II went live with the Market Data Processor (MDP), the FCA signed on for bigger projects with the company that built the platform.

Jamie Hyman
30 Nov 2018

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The Financial Conduct Authority (FCA) is expanding its partnership with Sopra Steria, a French big-data specialist that developed and launched the Market Data Processor (MDP), designed to enable the FCA to capture, validate, store and track transactions in accordance with the revised Markets in Financial Instruments Directive (Mifid II).

After a competitive tender, the FCA selected Sopra Steria to provide application maintenance services across all of the UK regulator’s major systems. The new