The fully authorized and regulated broker of CFDs, Spread Betting and FX trading, Capital Index has selected the compliance technology and data analytics firm SteelEye for MiFIR and EMIR reporting services.
Following CME Group’s announcement of closing the NEX Abide business last year, a many firms were forced to find a replacement solution for EMIR and MiFIR reporting. As part of this process, Capital Index reviewed a selection of different vendor solutions. Taking into consideration the technical challenges of transaction reporting, the broker picked SteelEye because of its advanced solutions, unique approach to compliance and hands-on team.
Rather than approaching compliance obligations from the perspective of the individual regulations, SteelEye focusses on data and technology first. As we were evaluating our options, this gave us comfort that they would meet all of our needs. We are excited to work with the SteelEye team as we use their solutions for EMIR and MiFIR reporting.
Through the implementation of SteelEye, Capital Index has been able to improve its reporting processes, many of which they did not realise were inefficient or could be improved. They now have a futureproofed solution for regulatory change and full confidence in their ability to meet their obligations under MiFID II and EMIR.
Matt Smith, CEO of SteelEye said:
Matt Smith
When CME announced their intention to close their regulatory reporting business, we knew that many firms would quickly have to find an alternative – which we wanted to facilitate as efficiently and seamlessly as possible. We are delighted to have been selected by Capital Index and to add value to their reporting processes.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
