Case Study: Leading Market-Making Firm achieves improved compliance and reduced regulatory risk with Corvil

Market maker improves compliance & risk management

A global market maker providing liquidity across major exchanges and to institutional counterparties was struggling with the rising cost and complexity of MiFID II OTR compliance. The firm faced daily review of reports from more than a dozen venues across thousands of instruments, reactive compliance as venues calibrated limits and fines, combined OTR exposure from multiple automated strategies, and a need for proactive, predictive oversight without investing heavily in new analytics or risk tools.

Corvil deployed a zero‑overhead continuous OTR risk assessment across the firm’s order flow, delivering firm‑wide OTR measurements by venue, market, instrument and participant, ML‑driven per‑instrument forecasting and end‑of‑day violation alerts, independent venue reporting, and a complete forensic audit trail. The solution improved collaboration across compliance, business and tech and delivered measurable benefits: more proactively identified and managed compliance issues, higher staff productivity, faster response to regulatory and client inquiries, reduced regulatory tail‑risk, quicker time‑to‑value and lower DevOps opportunity costs.