Itiviti Launches MiFID II-Compliant FX Trading Solution

Jens Persson, Senior Product Manager, Itiviti
Jens Persson, Senior Product Manager, Itiviti

Multi-asset trading technology provider Itiviti has launched a comprehensive foreign exchange trading solution designed for compliance with the latest regulatory requirements including MiFID II.

Itiviti FX addresses today’s dynamic FX market landscape using an app-based architecture combining rich out-of-the-box FX trading capabilities with outstanding flexibility, enabling scalable and customized solutions.

Presenting a consolidated FX market view to help traders manage the complexities introduced by market fragmentation, the solution comes with a broad range of connectivity options to FX liquidity providers and platforms, including FIX, ITCH, OUCH, and other binary feeds.

Itiviti FX features algorithmic trading, distribution service, order and pre-trade risk, and a liquidity aggregation service which allows for mixing, of different types of liquidity from multiple sources.

Jens Persson, Senior Product Manager, Itiviti, commented:

“When defining and developing Itiviti FX, we have recognized the client needs for a fully featured yet easily deployed FX trading solution. It offers packaged functionality which covers a broad range of use cases, while the logic is also extendable to meet specific client requirements, by means of custom algorithms, integration and consolidation of trading technology.”

Itiviti FX combines a front end based on the Tbricks by Itiviti trading platform with Catalys by Itiviti, a flexible and versatile ecosystem for industry-standard FIX connectivity. This resilient and transparent low-latency technology base offers extreme scalability where performance is critical. It also facilitates customization and systems integration. All business logic is available through an open, documented API and Itiviti offers an extensive toolkit for developing custom algorithms. These may also involve Itiviti’s multi-asset capabilities with crossover to equity trading, brokerage, order management, systematic internalization and more.

Svante Hedin, Co-Head of Trading, SEB Markets
Svante Hedin, Co-Head of Trading, SEB Markets

Nordic financial services group SEB has implemented the solution for its global eFX business to handle market-making in FX, automation and risk management of customer order flow.

Svante Hedin, Co-Head of Trading, SEB Markets, an early adopter of the solution, said:

“We are implementing Itiviti FX in multiple phases to consolidate trading systems and technology resources. This will result in significant value from synergies and improved ability to respond to market and client demands. We will be able to apply the same skill set and technology experience for all electronically traded asset classes and to streamline workflows. The solution also brings business benefits, most notably a faster time to market when adding proprietary functionality and trading venue coverage. We also rely on Itiviti’s platform for our algorithm development, implementing strategies for market-making, risk management and execution. The platform will become a cornerstone in our future algo trading strategy.”