Trade Informatics has launched its cloud based counterparty and compliance management tool in Europe ahead of MiFID II regulation.
The US based firm worked alongside The Investment Association and the Association for Financial Markets in Europe, to launch PLIA in Europe.
Trade informatics demonstrated the tool to regulators in the US and UK after completing a review for an electronic information exchange platform.
The PLIA tool supports customised solutions for asset managers of all sizes for counterpart risk management, best execution processes and due diligence data sharing between brokers and the buy-side.
Trade Informatics said the PLIA functions as a broker and adviser platform, with full audit history and dashboard overviews.
Ana Burke, PLIA product manager, explained that Trade Informatics’ clients are globally focussed and have found great value in using PLIA’s database of questions and request coverage for European regulation.
Allan Goldstein, COO of Trade Informatics, added “Brokers and asset managers are increasingly looking outward for cost effective yet transformative technology to bring operational efficiency to the front and back office.”