Schroders has selected a ‘regtech’ tool called SteelEye to provide transaction reporting data under the EU’s MiFID II rules.
The asset manager has used SteelEye since July for transaction reporting, according to SteelEye, which announced the win this week.
SteelEye, a compliance technology and data analytics firm launched in 2017, said the system is designed to provide clients with full visibility of their entire MiFID II transaction reporting workflow, including “efficient and automated tools that enable them to easily and seamlessly manage any over or under-reporting, as well as data validation errors”.
Keith Frimpong, global head of operations change at Schroders, said the system had improved the level of control and accuracy around MIFID II transaction reporting.
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