Oslo Connect receives regulatory upgrade 12 December 2017Stockholm Reporter: Becky Butcher
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Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II).
The upgrade to the stock exchange’s Oslo Connect includes the introduction of new transaction flags into the graphical user interface functionality, ensuring all required transaction details are available, along with adding additional trade cancellation and amendment processing.
The new system has also been prepared for the use of the Approved Publication Arrangement reporting tool by Oslo Børs.
Peter Fredriksson, co-founder of Baymarkets Technology, commented: "The Baymarkets and Oslo Børs teams have worked closely to ensure that the required changes to Oslo Connect have been delivered, tested and implemented before the MiFID II January deadline.”
Jesper von Zweigbergk, senior vice president of derivatives at Oslo Børs, added: “Our members and their counterparties can be confident that Oslo Connect will continue to provide a robust solution for tailor made derivatives trading and over-the-counter derivatives transactions reporting.”
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