The primary lens for this 8X8 Survey on regulatory transaction reporting consists of the changes firms need to make to comply with MIFIR and EMIR, specifically because of the increased instrument coverage and reporting requirements extended to more market participants.
Our research shows a market in transition from a specialised niche to a broader focus on ongoing data quality and compliance goals. Solutions can be either commoditised, specialised or customised to deliver a long term solution to regulatory pressure.
Increasing regulatory maturity is reducing this need for specialisation, and increasing the opportunity for the ‘devil-you-know’ automation challenges of data management, data quality and reconciliation.
Buyers need to prioritise value propositions based on core functional coverage as well as adjacent business benefits, including data quality, data management, and regulatory intelligence.
The full report includes all data points and graphs, profiles and assessments of each individual vendor as well as a overview of the competitive landscape of the transaction reporting market.