MiFID II Transaction Reporting Analysis
A UK stockbroker required a detailed gap analysis between existing transaction reporting requirements under MiFID I and the additional requirements under the then-upcoming MiFID II. Lacking a framework for transaction reporting analytics, Citihub Digital applied its expertise to identify and document all business flows and the implications of the new transaction reporting requirements.
Citihub Digital’s experience with front office trading systems and businesses, and respective environments, along with a deep understanding of the regulations, allowed the project to start after conversations with key IT and business stakeholders. A scoping exercise facilitated understanding of the trade flows and the identification of primary attributes toward correctly classifying transactions and the key factors to qualifying trades.
Citihub Digital’s delivery of this program included:
How we’ve helped our clients achieve their transformation goals for other large-scale, global programs
Strategic client rationalization
Global Business Wind-down and Divestment
A Path to IT Optimization