Case Study: Large Commercial Bank achieves streamlined MiFID II order record-keeping and lower compliance costs with Corvil Analytics

Large Commercial Bank turns to Corvil for streamlined order record keeping for MiFID II compliance

A large commercial bank that supports corporate, savings, private and institutional investors—trading multi-asset classes (equities, FX, fixed income, interest-rate derivatives) across 10+ execution venues—faced rising cost and complexity meeting MiFID II transaction record‑keeping. The bank struggled to implement a consistent, non‑disruptive means of timestamping and capturing reportable events across diverse trading platforms, gateways and smart order routers.

Corvil Analytics was deployed to passively capture trading activity and produce a time‑sequenced order‑lifecycle record, with automated correlation and normalization of messaging, nanosecond‑precision timestamps (and clock‑sync anomaly detection), plus API integration for automated long‑term storage. The solution cut operational cost and complexity, accelerated the compliance timeline by three months, prompted compliance-driven trading changes, and improved IT productivity through automation.