Case Study: Argentex Group Plc achieves MiFID II compliance with Synetec

Argentex Group Plc achieves MiFID II compliance in a very short time with Synetec

Argentex Group Plc, a company managing foreign exchange transactions, faced the challenge of achieving compliance with the new MiFID II regulatory directive from the UK Financial Conduct Authority. The directive required significantly more detailed transaction reporting. Synetec was engaged to provide a solution to meet these obligations.

Synetec implemented a bespoke reporting solution by integrating Bloomberg’s BTRL and RHUB systems. The solution automated the submission of trade details via multiple file formats and protocols, including XML, CSV, and FIX. This ensured the client could meet its regulatory obligations in a very short space of time, with the ability to easily view processing results and make necessary amendments directly from their own system.

Argentex Group Plc