BroadPeak Releases Real-Time MiFID II Position Limits

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BroadPeak releases software to help firms comply with MiFID II position limits.

We've fully incorporated MiFID II rules into the K3 Limits Calculation Engine.

BroadPeak Partners, Inc., the company behind K3, is pleased to announce the release of MiFID II real time limits software. The MiFID II release allows users to calculate their real time MiFID II position and evaluate them against the most current limit thresholds set by each National Competent Authority. The MiFID ll position limits software enables traders to monitor position limits and operate with greater certainty while reducing risk with timely, accurate information.

“We have now fully incorporated MiFID II rules into the K3 Limits Calculation engine. Personally, I’m very thankful our development team solved the technical challenge of MiFID II position limit monitoring to meet the January 3rd. MiFID II start date,” said Gordon Allott, CEO of BroadPeak Partners.

MiFID II is a sweeping regulatory reform of the financial markets in the EU. As a part of the legislation, firms are required to monitor their commodity positions against limits set in each EU jurisdiction. The limits challenge is formidable, as companies have to monitor differing and overlapping limits from each EU jurisdiction as well as exchange prescribed limits.

K3 allows firms to overcome the most significant barriers to effective position limit monitoring such as access to trade data and frequent changes to rules through K3’s off the shelf low latency trading system and exchange adapters. Rules, alerts and configurations can all be edited within the K3 interface by real time accessing of data in terms of capturing and consolidation.

Allott continues, “In addition to calculating real time limits positions, K3 automatically monitors and downloads all jurisdictional limits ensuring that changes are automatically incorporated. Cumbersome, hard-to-access data and complex exchange-imposed limits make accurate and timely monitoring an ongoing challenge. However, K3 provides compliance professionals with the data. tools and reports to meet that challenge quickly and efficiently.”

K3 provides off the shelf functionality for global reporting and surveillance obligations including Dodd-Frank, EMIR, FinfraG, MiFID II and exchange limits. BroadPeak’s customers are also using K3 for connectivity with over 30 major exchanges including ICE, CME, Nodal and SGX.

K3 has proven to be a disruptive force in the integration space creating the ability to move, transform and harmonize complex data making it an ideal fit for MiFID II compliance.

About BroadPeak Partners

Founded in 2007, BroadPeak Partners is a NYC based software company and the developer of K3. Named as one of the most disruptive technologies by TechCrunch, K3 has brought the power of agile data integrations to Fortune 1000 companies around the globe.

While K3 could be categorized under terms like middleware, ESB, ETL and SOA, at the end of the day it’s brilliant data plumbing. K3 is a quick to deploy and easy to manage application that makes enterprise application integrations more efficient and substantially reduces maintenance workloads. K3’s unrivaled technology is ready to meet MiFID II challenges and build upon existing regulatory reporting requirements (Dodd-Frank, EMIR, Canada, etc) for a suite of global trading customers.

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