Implementing SteelEye for MiFIR Reporting, Trade Surveillance and Best Execution

SteelEye, the compliance technology and data analytics firm, has been selected by authorised Financial Services Provider, SCM DMA (Pty) Ltd.

Implementing SteelEye for MiFIR Reporting, Trade Surveillance and Best Execution

SteelEye, the compliance technology and data analytics firm, has been selected by authorised Financial Services Provider, SCM DMA (Pty) Ltd.

Regulated by the Financial Sector Conduct Authority in South Africa, DMA provides multi- asset execution, prime brokerage, trading technology and portfolio management solutions to institutional clients and their end customers.

DMA initially set out to gain enhanced control over their MiFID II transaction reporting and selected SteelEye because of the end-to-end visibility and high degree of process automation provided by the MiFIR service.

“We selected SteelEye because we wanted to facilitate MiFIR reporting solutions for certain institutional clients using DMA services. When noting the offering also included Trade Surveillance and Best Execution, we decided to extend the services with SteelEye in order to take full control of our compliance processes, some of which we had partially outsourced,” said Peter Johnson, Director (Legal & Compliance) at DMA. “With SteelEye, we can meet multiple regulatory requirements within one platform, utilising the same data set, and get enhanced insight into our operations.”

“Because of our data-centric approach, clients gain end-to-end visibility of all workflows and processes – feeling confident in their compliance,” said Matt Smith, CEO of SteelEye. “We are delighted to welcome DMA onboard as we enable them to enhance their compliance control by centralising reporting, surveillance and best executions on one platform”.

About SteelEye

SteelEye is a RegTech and data analytics firm that was established to reduce the complexity and cost of financial compliance and enable firms globally to manage their regulatory obligations through a single platform.

SteelEye’s ability to bring together, cleanse, index and analyse structured and unstructured data across all asset classes and communication types enables clients to effortlessly meet their regulatory needs, because when all this data is in one place, compliance becomes both easy and cost-effective. And with everything under one lens, firms also gain fresh insight into their business, helping them improve their efficiency and profitability.

To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR. For more information, visit: www.steel-eye.com.