Schroders deploys SteelEye to improve control and accuracy of MiFIR transaction reporting

SteelEye, a compliance technology and data analytics firm, has been selected by investment manager, Schroders for MiFIR transaction reporting.

SteelEye is designed to provide clients with full visibility of their entire MiFID II transaction reporting workflow, including efficient and automated tools that enable them to easily and seamlessly manage any over or under-reporting, as well as data validation errors. 

“The SteelEye implementation has helped us to improve the level of control and accuracy we have around our MIFID II transaction reporting,” says Keith Frimpong, Global Head of Operations Change at Schroders. “We selected SteelEye because of the quality of their technology, the expertise demonstrated by their team and their willingness to support our tight implementation timelines.”

Schroders operates from 34 locations across Europe, the Americas, Asia, the Middle East, and Africa. The two century-old business offers both asset management services to institutions and private investors as well as a wide range of wealth management services which focus on preserving and growing their clients’ wealth.

“MiFID II Transaction Reporting was the first RegTech service on the platform when we launched SteelEye in October 2017. We are honoured to partner with Schroders and delighted they recognise the value in our reporting solution. This reassures us that our data-centric compliance platform truly addresses an industry need,” added Matt Smith, CEO of SteelEye.