eflow and Oracle team up for onset of MiFID

Eflow’s CEO and founder Marsha Parker met up with Nigel Matthews, Oracle’s UK Business Development Manager for Capital Markets at SIBOS 2005. Both organisations have recognised the need of Securities and Investment firms to provide the long awaited facility to synchronise staticdata silos within a department, division or corporation – a need that can be addressed by eFlow’s Standing Data Dissemination software and Oracle’s Data Management products. This solution solves issues that continue to dog many businesses with multiple data silos.

However Marsha and Nigel quickly realised that the industry is facing major changes at an auditing and systems level with the onset of further regulation, such as the Markets in Financial Instruments Directive (MiFID). Hence the Transaction Tzar.

The Tzar combines Eflow’s unique PATH communications and business automation technology with the scalability and robustness of Oracle’s Information Architecture. Put simply, the Tzar integrates with all workflow systems, listens to and records all data within a trade’s lifecycle. Marsha explains further:

“The Transaction TzarTM creates one harmonious transaction view. Each major event, and optionally, minor action, in the workflow (regardless of its system) is identified and a message is delivered to the TzarTM. This information is stored and can be accessed and modelled in a number of ways to obvious advantage. With the impending MiFID regulations this will become a necessity rather than a luxury.”

Oracle has made its commitment to supporting MiFID solutions developed on Oracle Information Architecture clear. Nigel explains further, “Regulation such as MiFID is likely to present many data management challenges, not only in terms of the expected increase in volumes, but also it’s latency, lifecycle, quality, orchestration and access. The Transaction Tzar’s facility for Trade Lifecycle audit and data retention, Trade Cost and Flow Analysis and immediate recall of the data for a Trade, a Day’s Trading or any facet of the Trade life Cycle is a clear demonstration of the value of Oracle’s Information Archietcture and it’s ability to assist our partners in developing innovative solutions to address the challenges presented by MiFID. We are very pleased to partner with eflow in this initiative and that they have chosen Oracle as their information management platform.”

With ‘touch of a button’ accessibility to single or multiple trade histories the Tzar is the complete audit and Trade Transparency platform – not only helping with MiFID compliancy but also providing key business advantages such as: Trade Cost Analysis, Process Flow performance monitoring, exception identification, operational risk analysis, instantaneous profiling both reporting and graphically .

That’s not all; the Tzar comes with added workflow security. Marsha explains, “it was a simple step to add in our Disaster Recovery System. The Tzar records everything in real-time so in the event of a system failure the Tzar can be used to roll back to exactly where you were before the crash, without loss of trade or workflow data.”

Oracle will be hosting the product launch at their offices in Moorgate on March 29th 2006. For more details please contact Sue Roberts on +44 (0)800 389 1781 or sue.roberts@eflowglobal.com

Useful links:

http://www.fsa.gov.uk/Pages/About/What/International/EU/fsap/mifid/index.shtml
http://www.fsa.gov.uk/pubs/international/PLanning_mifid.pdf