New OMS launches to support firms in MiFID II
19 July 2017 London
Image: Shutterstock
London-based financial technology start-up Hedgd has launched its cloud-based order management system (OMS), to support firms in compliance with the second Markets in Financial Instruments Directive (MiFID II).
The software-as-a-service solution is intended to provide an OMS for the full trade lifecycle, and is aimed at firms who might otherwise have been restricted by cost.
Coming into effect in January 2018, MiFID II mandates transparency and record-keeping, and brings in significant reporting requirements.
The Hedgd OMS offers visibility in a workflow format, providing an audit trail and timestamps throughout the trade lifecycle and allowing portfolio managers to manage orders at any time, and through mobile devices.
Oliver South, co-founder and CEO of Hedgd, commented: “Until now, investment managers have been held up by a lack of real choice.”
He added: “Options are limited to a handful of legacy providers and suffer from historical design and old technology. As a result, this can prove expensive, time-consuming and often requires in-house IT expertise to manage.”
A statement on the new release said: “The implementation and upgrade process should be simpler. Standard workflows result in a simple, yet flexible, implementation and Hedgd makes software updates available to all users.”
The software-as-a-service solution is intended to provide an OMS for the full trade lifecycle, and is aimed at firms who might otherwise have been restricted by cost.
Coming into effect in January 2018, MiFID II mandates transparency and record-keeping, and brings in significant reporting requirements.
The Hedgd OMS offers visibility in a workflow format, providing an audit trail and timestamps throughout the trade lifecycle and allowing portfolio managers to manage orders at any time, and through mobile devices.
Oliver South, co-founder and CEO of Hedgd, commented: “Until now, investment managers have been held up by a lack of real choice.”
He added: “Options are limited to a handful of legacy providers and suffer from historical design and old technology. As a result, this can prove expensive, time-consuming and often requires in-house IT expertise to manage.”
A statement on the new release said: “The implementation and upgrade process should be simpler. Standard workflows result in a simple, yet flexible, implementation and Hedgd makes software updates available to all users.”
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