Orc has announced it had teamed up with OneMarketData to offer new MiFID II compliant data and analytics to its users.
The deal will see users of Orc’s Trading Bricks and Execution Bricks platforms gain access to OneTick, a service that delivers normalised real-time and historical data.
The partnership is partly in response to new regulations including MiFID II and MiFIR that will take effect in January 2017.
Incoming regulation will see a greater need for collecting, standarising and analysing large quantities of data, according to Orc.
Specifically, stricter requirements on best execution, surveillance and audits will be among the challenges faced by institutional investors.
Head of Market Structure at Orc, Christer Wennerberg stressed the importance of the regulations and their subsequent effect.
“The new European regulatory requirements translate to a need to collect, standardise, analyse and present massive amounts of data.”
“Our challenge is complying with this while making the data useful and available to clients.”