VTFinTech joins OpenFin to support MiFID II compliance

VTFinTech, a technology developer for portfolio management services, has joined the OpenFin platform to support the onboarding of its Parity One software at financial institutions.

Through this partnership VTFinTech will be able to onboard, deploy and deliver its software at scale to financial institutions and integrate with key workflows.

Parity One is a solution used by investment firms to build and manage end-to-end systematic investment strategies. Its portfolio construction, proprietary research evaluation methods deliver a quantitative and qualitative measure to evaluate research in compliance with MiFID II.

VTFinTech support the management of investment portfolios through its technology and ensure firms are compliant.

OpenFin Europe CEO Adam Toms said, “VTFintech’s Parity One solution helps the investment firms tackle the regulatory impact of EU Benchmarks Regulation and assists with quantifying the performance of investment research, a key requirement under MIFID II.

“VTFintech will be able to collaborate with other companies in the OpenFin ecosystem to offer interoperable solutions to asset managers and hedge funds.”

New York-based OpenFin is an open technology operating system which is used by banks, brokers, asset managers and hedge funds. Its solution standardises the operations of hundreds of industry applications on financial desktops to allow seamless deployment, interaction and interoperability between apps to enhance the workflow and increase efficiency.

Last year, OpenFin landed $15m in its Series B round which received commitments from Bain Capital Ventures, DRW Venture Capital, JP Morgan, NEX Group, and others.

Copyright © 2018 FinTech Global

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