Oktris make MDP Reporting easy
“I formed Oktris after working on MiFID II for the better part of a year. I saw a gap, and whilst I am very surprised no-one has yet filled it 5 months after MiFID II go live, it’s too simple to close that gap not to do it”
INSTRUMENTS
REPORTING FIRMS
DATABASE SIZE (GB)
Why choose us?
SERVICE
Service like it used to be before automated phone menu systems, and offshoring of support desks. Where customers are listened to, products are improved for customer benefit and problems solved. All with small company agility
END-TO-END
From the order or trade generating the event, through to processing the response back from the regulators – with each stage of the journey clearly visible, and controllable
EASY INTEGRATION
The Oktris solution requires customers to provide the minimal set of data in order to generate the complete report – often only a single field
USER FRIENDLY
Graphical overview of each stage of reporting – confirmations of generation,
submission and response, along with scheduling.
Can also generate reports on the reports!
REPORT GENERATION
Generates reports in the specified ESMA & NCA MiFID II formats, submits them and processes the regulator responses. Always up to date with the current formats
AUTOMATED
Set it up. Forget about it.
We'd like to offer a standard solution based on the regulators own data to the thousands of firms out there with these obligations. If large banks with near infinite resources fall foul of the regulator after 14 years of trying to get it right, we think firms need all the help they can get.
DARRENCEO, Oktris LimitedI’ve seen reporting firms request 20-40 fields of data from their customers in order to be able to report a single instrument. How about one. The ISIN. That’ll do nicely for Oktris in most cases.
DARRENCEO, Oktris Limited.The provision of reference data to the regulators is a requirement under MiFID II. Of the two “big six” firms in the reporting space that offer any solution at all, they both require a customer to provide a large amount of hard to source data to enable them to do so.
DARRENCEO, Oktris Limited.The capability to send both reference and quantitative trade data to the regulators. Not one firm is offering this solution as a standalone. The single firm that actually had the capability when we started, required a customer to take other expensive products first and had serious gaps in product coverage.
DARRENCEO, Oktris Limited.The industry is stuck with the same reporting choices as they have been for the past 5 years. There is no innovation and no customer service. The thinking is very much “Take it or leave it – who else will they turn to?” Well, now those customers have someone else to turn to.
DARRENCEO, Oktris Limited.Firms providing MiFID II regulatory reporting tend to focus on Transaction and post trade reporting. There isn’t much of a focus on solutions for other mandatory reports like instrument reference data and transparency calculation data reporting.
DARRENCEO, Oktris Limited.Two of the six big firms in the reporting space offer a partial solution, requiring significant provision of data by financial firms. The others offer no solution.
DARRENCEO, Oktris Limited.The capability to send reference data to the regulators is a requirement under MiFID II. Two of the six firms in the reporting space offer a partial solution requiring significant provision of data by financial firms.
DARRENCEO, Oktris Limited.The Oktris solution requires the provision of one single data field in the case of an existing instrument, and no on-boarding for other products is required!
DARRENCEO, Oktris Limited.