Allfunds develops MiFID II tool suite 31 October 2017London Reporter: Theo Andrew
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Allfunds Bank has developed a suite of tools to help its clients deal with the incoming second Markets in Financial Instruments Directive (MiFID II).
The fund platform’s offerings now include an share class analysis tool, compliant access to over 54,000 funds and exchange-traded funds, and additional tools enabling clients to add value.
Solutions and data will be available through different formats, including file exchange, Allfunds Web 3.0 and application programme interfaces (APIs).
According to Allfunds, the firm’s size and reach means it will be able to provide economies of scale with a single access point, minimising the costs for distributors and fund providers.
Allfunds will collect, standardise and distribute data required under MiFID II, providing the required transparency across the whole fund distribution chain.
Juan Alcaraz, CEO of Allfunds, said: “Allfunds MiFID II digital tools will help make the transition seamless for our clients. By providing access to over 54,000 financial instruments and detailed share class analysis, our partners will have access to all the data they require while keeping costs low and enabling their digitalisation.”
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