06.07.2016

Itiviti Group AB: WEBB Traders Selects Itiviti Analyst MAR to Address Urgent Compliance Requirements

06.07.2016

BUSINESS WIRE – LONDON – Itiviti, a world-leading technology provider for the capital markets industry, today announced that WEBB Traders, a fast growing global proprietary trading firm based in Amsterdam, has selected Itiviti Analyst MAR, a solution targeting Market Abuse Regulation (MAR) compliance for all asset classes, with easy, non-intrusive implementation.

WEBB will use Itiviti Analyst MAR for real-time monitoring and reporting of orders, trades and quotes on equities, ETFs, futures and options, to ensure compliance with the new European Market Abuse Regulation which comes into application on July 3, 2016.

“As a long-term partner and Itiviti trading technology user, we are impressed with the investments Itiviti has made in the compliance and monitoring area,” says Marco van den Berg, Managing Director, WEBB. “Itiviti Analyst MAR was a straightforward choice as it offers a future proof solution with easy integration and smooth deployment. Looking ahead, we are confident regarding the Itiviti Analyst roadmap. This technology will make available the tools required by our business for both MAR and MiFID II compliance, essential for a trading company like WEBB where compliance has become an important part of our business.”

Based on the established Tbricks by Itiviti platform for utmost performance and flexibility, Itiviti Analyst MAR covers all mandatory scenarios subject to MAR on a wide range of asset classes (equities, ETFs, derivatives and bonds). Itiviti Analyst MAR consumes private data (i.e. orders, trades and quotes) through an industry standard FIX drop copy, enabling simple integration with virtually any system.

“We are delighted that WEBB has chosen Itiviti Analyst to ensure MAR compliance for orders trades and quotes for their equities, delta one and derivatives business, as well as for future MiFID II compliance,” says Lee Griggs, President EMEA, Itiviti. “There is clearly a strong demand for system agnostic solutions in this area that help ease the growing regulatory burden on our clients, and that reduce integration efforts required to provide multi-asset compliance.”

Itiviti Analyst MAR is the initial component of Itiviti’s regulatory offering. Going forward, Itiviti Analyst will be able to seamlessly add further MiFID II compliance modules, including Best Execution analysis, algorithmic trading monitoring, market maker compliance as well as modules for Transaction Cost Analysis (TCA) and management of MiFID II parameters.

Itiviti will be exhibiting at the FIA International Derivatives Expo in London on the 7th and 8th of June with senior regulation experts available to discuss MiFID II/MAR in more detail.

About Itiviti

Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining daily operations, while gaining a sustainable competitive edge in global markets.

With 13 offices and serving more than 400 customers worldwide, Itiviti was formed by uniting Orc Group, a leader in trading and electronic execution, and CameronTec Group, the global standard in financial messaging infrastructure and connectivity. From its foundation in 2016, Itiviti has a staff of 400 and an estimated annual revenue of SEK 700 million.

Itiviti is committed to continuous innovation to deliver trading infrastructure built for today’s dynamic markets, offering highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges.

Itiviti is owned by Nordic Capital Fund VII.

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