Overview of Qomply Solutions

Delivering one of the most comprehensive arsenals of accuracy checks in the industry, Qomply’s transaction report diagnostic auditor is powered by a proprietary assurance engine that checks every single piece of transaction report data for accuracy – performing a sophisticated matrix of thousands of rules and accuracy checks.

The tool offers a straight-forward interface and a streamlined API enabling market participants to either use as a stand-alone solution or integrate within their existing technical infrastructure.

The Qomply Diagnostic Auditor detects issues with not only a firm’s input files but also the regulator’s MDP output files. This enables firms to pre-emptively and retrospectively conduct analysis on reports both before and after they are sent to the regulator – essential in complying with the regulations.

In addition to the MiFIR diagnostic engine module, EMIR and SFTR diagnostic engine modules are also available.

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Qomply’s Trade Reconciler Tool empowers firms to meet their regulatory reconciliation obligations such as RTS 22 or Article 15 MiFID through simple-to-use technology. At the touch of a button, market participants can efficiently reconcile transaction data sent to the regulator against those received by the regulator.

Many firms still rely on manual processes to reconcile their transaction report data, severely limiting reporting accuracy and productivity. Qomply’s solutions liberate firms from this burden and transform their business functions, freeing up time to focus on core operating models.

Smaller firms are empowered to easily meet their regulatory obligations by only paying for the solution they require. Pricing models based on trade volume makes the Reconciler Tool a viable option for most firms.

Running both the Transaction Report Diagnostic and the Trade Reconciler provides an added-level of due diligence and comfort in the assurance that transaction reporting systems are working correctly.

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This free solution enables firms to conduct reportability checks to determine if a financial instrument is MiFID-reportable in the UK, the EU, or both.

By inputting an ISIN (instrument identifier), a string of ISINs, or uploading a CSV file for a specific trade date, the service will report, as of that trade date, the region and reportability of that instrument. Therefore, firms will know, unequivocally, if the instrument was reportable, when, and where.

This is the only solution freely available that queries both FCA FIRDS and ESMA FIRDS databases and conducts searches across multiple instruments at once. Ambiguity of reporting obligations is removed as the tool reaches back in time to determine if an instrument was reportable in a specific regime.

It is now easy for market participants to obtain answers on their reporting obligations in one place as opposed to issuing multiple queries across different locations.

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