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AQMetrics Receives Authorisation To Operate A MiFIDII ARM
Central Bank of Ireland approves AQMetrics as an ARM under MiFID II
AQMetrics Limited announces that it has received approval from the Central Bank of Ireland (CBI) to operate a MiFIDII Approved Reporting Mechanism (ARM), with effect from 3 January 2018. The authorisation permits AQMetrics to report MiFID firms’ transactions to National Competent Authorities (NCA) across Europe.
With MiFID II coming into effect this week, AQMetrics has been conducting testing of its ARM since the summer of 2017 and has also conducted end-to-end testing through the UAT environments of National Competent Authorities.
Geraldine Gibson, CEO at AQMetrics said, “AQMetrics was created to service both the buy and sell side of the financial services ecosystem. Detection of market abuse is a fundamental part of the AQMetrics solution set. As tracking and tackling market abuse is a key aim of MiFID II, being authorised to report transactions of MiFID II firms directly to all European regulators is a major milestone for AQMetrics. With clients including stockbrokers, banks and investment firms AQMetrics now seamlessly services both the buy and sell side for future and emerging regulations.”
Claire Savage, COO at AQMetrics added, “Not only does our authorisation confirm that AQMetrics has the operations, business continuity plans and information security management system required to operate as a regulated Approved Reporting Mechanism (ARM) under MiFIDII, it further endorses AQMetrics commitment to its clients to do everything it must to remain the gold standard, one stop shop, for regulatory reporting.”
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