When MiFID II was implemented it posed a significant challenge for most financial firms. For large multi-nationals and top tier banks, this could be managed by deploying large compliance teams in-house and building out new skillsets. For smaller firms however, particularly in the buy-side, getting to grips with MiFID II was more challenging.
Hywin were looking for a provider that could support them with experienced staff and regulatory knowledge. They also required a platform which could easily ingest multi-custodian data and allow Hywin to report transactions through a user-friendly system.
SteelEye provided Hywin with the regulatory knowledge, flexibility and user-friendly system they were looking for. More importantly, SteelEye’s platform could offer Hywin a much broader solution, allowing them to benefit from the additional SteelEye services, such as communications ingestion, surveillance and best execution, in addition to the initial transaction reporting requirement.
With SteelEye, Hywin can now effortlessly ingest their trade and communications data into a single platform and use that data for transaction reporting and enhanced insight.
From a transaction reporting perspective, SteelEye has made it significantly easier for Hywin to manage the required data sets and make sure everything has been ingested and reported correctly. SteelEye also provides easy error validation, informing Hywin instantly if any data has been submitted incorrectly to the Approved Reporting Mechanism (ARM).
Not having to hire new resource or acquire new skill sets in house.
Effortless compliance with automated data ingestion and streamlined reporting.
Consolidation of transaction and communications data under one lens for enhanced analytics.
Multiple regulatory solutions on one platform for smarter compliance.
Hywin Wealth is a wealth management firm with global resources in the areas of trading, custody, lending and research. Based in London, the world’s most international city, Hywin’s clients can benefit from a strong legal system and global outlook. London is a natural home for the Hywin family, whose resources include over 5,000 staff in 100 offices and over £12bn in assets under management globally. For more information, visit: www.hywinwealth.co.uk