The Droit’s compliance system provides the current and complete digitized machine-readable MiFID II rule text and machine executable implementation. This enables complete verification of every trading decision and also keeps a audit trail.
Jo Hannaford, MD, Technology Division, Goldman Sachs said:
“Droit’s ADEPT product is a central part of our eligibility architecture for MiFID II for both our broker/dealer and GSAM businesses, across a range of obligations. Droit’s innovative approach to the digitization of regulation and eligibility and the evolution of their ADEPT product fits well with our overall strategy,”
Cyril Cottu, Global Head of eCommerce and Digital, BNP Paribas Global Markets commented:
“Droit has successfully implemented an innovative and exciting platform which helps us strategically respond to industry and regulatory changes, like MiFID II, in the interest of better serving our clients. It is a core part of our digital strategy to work with leading providers like Droit to complement our in-house expertise to stay at the cutting edge of digital global markets.”
Simon Herbert, MiFID II Programme Lead at UBS Investment Bank said on Droit’s capabilities:
“The speed and ease with which we can implement new regulatory rule sets coupled with the flexibility of the core product integration mean Droit is well placed to be the strategic regulatory eligibility platform for the Investment bank.”
Satya Pemmaraju, CEO of Droit commented:
“Digitization is much more than an exercise in tagging data; it’s the complete analytic structuring of one of the financial markets’ largest ever pieces of legislation. Droit provides the full stack, starting with digitising the actual legal texts into an open, standard, machine-readable format through to standard executable implementations within real-time systems. As regulations live and breathe, so our clients’ implementations and legal sources evolve in synchronicity.”