Step Forward

MIFID II Regulatory Customization

Development of Market Conformity Customization

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The Client

The client is a specialized corporate bank in Poland, offering banking services to large corporations public sector companies.

The Project

A Finastra Fusion Kondor user, the client had a need for a mechanism to store market rates (bid/ask) for FX Forward and FX Swap trades in a transaction history in order to fulfil MiFid II Market Conformity requirements.

The Outcome

Step Forward Partners built an enhanced Kondor custom window and associated stored procedures to store bid and ask rates following the bank’s specific methodology and algorithm.