Thomson Reuters Adapts Velocity Analytics Platform for MiFID II

Kx provides the underlying technology for Velocity Analytics, which enables real-time analytics on large datasets. Thomson Reuters says the service provices market participants with high-speed processing of real-time, streaming and historical data that will help them meet their MiFID II obligations. The platform supports use cases such as best execution compliance, transaction cost analysis, and quantitative and systematic trading. It will also support new multi-asset best execution and Systematic Internalizer (SI) determination capabilities from 2018.

Thomson Reuters has also expanded both the breadth and depth of the historical and reference data available following the full integration of its Datascope Select service, and Thomson Reuters’ Pricing Services for independent evaluated prices.

Clients can access Velocity Analytics through the Thomson Reuters Enterprise Platform.

“MiFID II compliance is fundamentally a data challenge and the work we have been doing to completely reengineer Velocity Analytics will support financial markets participants looking for best execution, transaction costs analysis, and other high performance trading analytics,” says Brennan Carley, head of enterprise propositions at Thomson Reuters. “We want to make it as easy and cost-effective as possible for our clients to comply with the MiFID II requirements and take advantage of their existing infrastructure investments, while helping them to prepare for new opportunities for their businesses post-January 2018.”