UBS MTF adds surveillance and reporting technology from Aquis

Trading platform will use Aquis software for market surveillance and RTS 27 reporting under MiFID II.

UBS MTF has implemented market monitoring, surveillance and reporting software provided by Aquis Technologies.

Aquis Technologies - part of the exchange group - will provide the trading venue with its market surveillance (AMS) system and RTS 27 reporting tools required under MiFID II.

The exchange operator said UBS MTF opted for its technology to meet regulatory requirements and for its cost-effective and high-performance nature.

“Having looked across the potential suppliers, we felt that Aquis was the best fit for us in terms of our current requirements for surveillance and regulatory reporting,” said Richard Semark, head of UBS MTF. “Their flexibility will also support our development plans for 2018.”

Aquis Technologies has made a push with MiFID II services recently, having just launched a connectivity hub to allow systematic internalisers (SI) and counterparties to link up bilaterally in line with MiFID II.

The firm said earlier this month there are currently 10 clients who have agreed to use the SI connectivity hub, known as Aquis Market Gateway.