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Screenshot of a breaking news alert e-mail from Q2 2017
Hyannis Port Research (HPR), makers of Riskbot, today announced the completion of their MiFID II product portfolio, adding software-based technology.
HPR’s newly launched Softbot™ is a software-based risk management product geared toward buy side firms, quantitative funds and other less latency-sensitive clients requiring MiFID II compliance with enhanced API functionality.
HPR’s flagship platform Riskbot® is a hardware-based sub-microsecond gateway. As the U.S. equities market leader, it serves many of industry’s most elite trading firms and has been adapted for MiFID II and MiFIR.
HPR created Softbot™ to address all client types on a single unified platform,” said HPR CEO Anthony Amicangioli. “Clients can now right-size solutions from our suite of market access products designed to meet all of their MiFID regulatory needs.
The HPR product suite addresses MiFID II’s challenging requirements, including:
- Various pre-trade risk and compliance checks at both the trade- and portfolio- levels
- Comprehensive implementation of time stamping requirements
- Burden of proof to demonstrate best execution
- Resiliency, capacity and ability to ensure orderly trading via high availability
- Complete support of both pre- and post-trade transaction reporting requirements
HPR has worked tirelessly to understand the many facets of the MiFID II and MiFIR regulations and has demystified the various requirements and captured them within a single world-class solution,” commented HPR’s VP of Risk and Compliance, Brian Germani.
HPR supports critical European markets for the MiFID II rollout including LSE, Turquoise, Xetra, Euronext and BATs Europe.