TradingScreen has launched a trading and matching engine for European banks, brokers and institutions who are implementing technology for MiFID II compliance.
The Turn-key SI/OTF (organised trading facility) provides an integrated matching ecosystem with pre- and post trade reporting tools.
It supports a multi-protocol environment and maintain an exchange-grade matching engine with a HTML 5 interface that connects users to nine global data centres.
Alexandre Carteau, head of the TradeExchange business line at TradingScreen, explained MiFID II is forcing financial participants to redefine their role, follow new rules and regulation and upgrade their infrastructure.
“Very few execution management systems handle the fixed income and OTC market like we do. Our 18 years of experience in the field uniquely position us to offer all of the above with our Turn-key SI / OTF solution, a full, one-touch platform for OTFs and MTFs,” he said.
In February, TradingScreen extended its long-term relationship with UBS through a commercial agreement covering all listed classes.
The two firms embarked on a partnership 16 years ago, with the very first trade executed via TradingScreen’s platform at UBS in Tokyo.