Colt PrizmNet financial extranet is enabling connectivity to a cloud-based ecosystem of MiFID II compliant solutions, helping capital markets firms deal with the various aspects of the directive which is due to come into force in January 2018.
Current partners include TraderServe for algorithm testing, Aquis Exchange for best execution, and TRADEcho for trade reporting.
Colt PrizmNet is a private network that links the global capital market ecosystem, connecting over 10,000 firms worldwide.
The extranet provides a scalable, secure, and reliable platform to rapidly connect and support market participants in areas such as surveillance and data management, helping firms comply with the requirements of the upcoming MiFID II directive.
“MiFID II will require immense changes to participants’ technology infrastructures and deployment models of services used,” says Ralph Achkar, director of strategic alliances, capital markets at Colt. “Given the vast scope of these changes, there is no ‘all in one’ solution to address the new requirements. Firms will require best of breed solutions and efficient deployment models to address the different areas of the regulation. With Colt’s financial extranet we aim to bring together an ecosystem of such specialised solutions, giving firms easy access to a wide range of financial content and services. Colt PrizmNet provides an efficient delivery platform for MiFID II compliance solutions.”