Business
KTS offers MiFID solutions
KTS offers MiFID solutions.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n Knowledge Technology Solutions PLC\n30 October 2006\n\n\n\nRNS release\n\n30 October 2006\n\n KTS offers MiFID solutions for financial securities firms\n\nKTS PLC (AIM: KTS), providers of market information services in the finance\nsector, is today announcing a number of new MiFID solutions. These additional\nservices will be fully integrated with KTS' real-time market data display\nservice, MarketTerminal.\n\nThe new solutions will assist investment firms, asset managers and stock brokers\nto comply with MiFID, the European Markets in Financial Instruments Directive\nwhen it is introduced on 1 November 2007. The purpose of MiFID is to create\ntransparency throughout the European Union for traders dealing in all\nsecurities. It is hoped MiFID will lead to greater competition in financial\nmarkets. However, MiFID imposes a number of compliance issues on financial\nfirms. Some of these are expected to require significant investment by market\nparticipants, particularly in the areas of information technology, data access\nand storage.\n\nKTS is initially addressing MiFID requirements in three major areas which are\ncurrently already well defined: pre-trade transparency, post-trade analysis and\ncompliance reporting. Additional functionality is now offered on KTS\nMarketTerminal, the company's proven financial information application currently\nused by 130 client organisations throughout the UK, to assist financial firms\naddress MiFID.\n\nFirst, KTS is adding to MarketTerminal the capability to display quotes or\norders from multiple transaction venues. This allows clients to simultaneously\nassess trade opportunities available at all transaction venues included in its\nbest execution policy - a requirement under MiFID.\n\nThe choice of transaction venues is set to increase substantially in number\nunder MiFID as investment banks acting as 'systematic internalisers' compete\nalongside multi-lateral trading facilities with traditional exchanges such as\nthe London Stock Exchange.\n\nIntegrated within MarketTerminal, the composite pre-trade quote view also offers\ncustomisable best-execution cost evaluations in real time. This enables clients\nto carry out comprehensive transaction cost analysis in real time and allows\nbetter and more efficient identification of best execution venues.\n\nA second element of the suite of KTS MiFID...