Thomson Reuters has teamed up with Kx to enhance its Velocity Analytics platform and deliver ultra-high-speed processing of real time, streaming and historical data designed to help financial institutions meet the requirements of Markets in Financial Instruments Directive II (MiFID II).

The platform is powered by Kx technology and adds to an extensive range of MiFID II solutions already offered by Thomson Reuters. It supports use cases such as best execution, transaction cost analysis, and quantitative and systematic trading. It will also support multi-asset best execution and systematic internaliser determination in 2018.

By harnessing the power of Kx technology, Velocity Analytics can process much larger volumes of data from multiple sources in real time. Thomson Reuters has also expanded the historical and reference data available for processing on the platform through integration with its Datascope Select service and its Pricing Services for independent evaluated prices. Velocity Analytics is integrated with the company’s enterprise platform to ensure financial institutions can take advantage of existing infrastructure investments to access streaming analytics.

Brennan Carley, head of enterprise propositions at Thomson Reuters, says: “MiFID II compliance is fundamentally a data challenge. The work we have been doing to reengineer Velocity Analytics will support financial markets participants looking for best execution, transaction costs analysis, and other high performance trading analytics. We want to make it as easy and cost-effective as possible for clients to comply with the MiFID II requirements and take advantage of existing infrastructure investments, while helping them prepare for new business opportunities post-January 2018.”