Case Study: Theorema achieves reliable MiFID II transaction reporting with SteelEye

Theorema Effectively Manages Its Mifid Ii Transaction Reporting With Steeleye

Theorema, a London-based alternative asset manager, needed a more robust way to handle MiFID II transaction reporting. Its manual internal process was cumbersome, offered limited validation, and made it difficult to quickly understand why reports failed, creating risk around T+1 deadlines. Theorema turned to SteelEye for a single-platform MiFID II reporting solution, along with data platform and record-keeping capabilities.

SteelEye implemented a flexible cloud-based system with granular report validation and a MiFID II eligibility database, enabling Theorema to immediately see whether reports succeeded and exactly why they failed. This improved reporting accuracy, reduced the risk of late submissions, and gave the compliance team greater confidence in meeting regulatory obligations. Theorema also reported a smooth implementation, with SteelEye’s team taking time to understand its business and trade flow.

Theorema

Alex Hughes

Operations Officer