Platform developed to cope with MiFID directive

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Platform developed to cope with MiFID directive

Antony Savvas

GoldenGate Software has launched a management solution to help financial firms cope with the demands of the MiFID directive.

The existing GoldenGate Transactional Data Management (TDM) platform now enables organisations to easily and non-intrusively address MiFID reporting and trade reconstitution problems, arising from the disparate data stores, reporting systems and manual processes that are in operation at financial firms.

GoldenGate is a certified member of the Oracle PartnerNetwork. Nigel Matthews, EMEA business development director for capital markets at Oracle, said, “The combination of GoldenGate technology and Oracle Database 10g provides firms with a cost effective solution for capturing dynamic trade data and reference data from disparate, heterogeneous sources in real time.”

Matthews said, “The composite trade data captured and collated by GoldenGate can be applied to one or more data stores for immediate publication of post-trade information, regulatory transaction reporting, as well as for record reconstitution and long-term data retention.”

The GoldenGate solution addresses MiFID’s post trade transparency requirements, which cover trade reporting, transaction reporting and record keeping.

The GoldenGate solution also works with Sybase, IBM, Microsoft and other databases.

FSA signs MiFID policing contract

 
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