Knowledge Technology Solutions PLC
19 July 2007
RNS Release
19 July 2007
KTS launches Best Execution Verification tool for MiFID compliance
Knowledge Technology Solutions PLC (AIM: KTS), provider of professional market
information services in the finance sector, has launched a new MIFID compliance
tool on MarketTerminal, its real-time market data display product.
The Markets in Financial Instruments Directive (MiFID) is an EU directive aimed
at creating transparency throughout the European Union for market participants
dealing in securities. One of the requirements of MiFID is that of Best
Execution being offered by brokers to retail customers.
Aimed at compliance officers at stock brokers, KTS's simple-to-use Best
Execution Verification Tool automatically analyses many thousands of client
trades in specified equities, flagging any sales or purchases that fall outside
of normal price parameters. i.e. trades significantly above the market's volume
weighted average price (VWAP).
The Best Execution Verification Tool is provided as an optional upgrade on a
standard MarketTerminal subscription. It is both simple to configure and
operate, and can analyse more than 10,000 trades at a time. The tool is among a
number of new solutions that are being added to MarketTerminal to assist
financial firms address MiFID which comes into effect on 1 November 2007.
Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said:
'Stock brokers have an increasing requirement to monitor their trading
performance internally, particularly with the best execution compliance aspect
of MiFID fast approaching. Our new best execution verification tool has been
created to take the headache out of best execution compliance monitoring.'
Contacts:
Dr Marc Pinter-Krainer Neil Boom
Knowledge Technology Solutions PLC Gresham PR Ltd.
020 7256 2300 020 7404 9000
Mike Coe
Blue Oar PLC
0117 933 0020
Notes to Editors
About Knowledge Technology Solutions PLC
Knowledge Technology Solutions PLC is an innovative provider of financial market
data application services and the company is listed on the Alternative
Investment Market of the London Stock Exchange (ticker symbol: KTS).
Utilising its proprietary advanced technologies, KTS focuses on developing and
providing real-time market data services to the financial marketplace by
delivering essential market data and news via more cost-effective communications
channels.
KTS differentiates itself from other leading information providers as its
services are technology driven. They are designed to run on standard PCs and
laptops without the need for any installation of dedicated hardware, software or
infrastructure, as the application runs on the server side on powerful clusters
of highly resilient and secure servers.
Financial professionals can log on to KTS's services by using a standard
Internet connection from any geographical location across fixed and wireless
networks. KTS's 'zero-client' application service requires no client-side
components and upgrades are automatic. Other benefits include flexibility and
cost savings in support and maintenance using any market data infrastructure.
More than 130 client organisations currently subscribe to KTS's financial
information service KTS MarketTerminal.
This information is provided by RNS
The company news service from the London Stock Exchange
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