A Leading French Investment Bank is First to Add Actimize Transaction Reporting to Comply with New MiFID Regulations.Actimize's Extensive Involvement in MiFID Research and Flexible Solutions makes it Best Fit for Large Banks Seeking Rapid Implementations PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. & LONDON -- Actimize, the leading provider of transactional risk management software for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry and a NICE Systems (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NICE) company, today announced that a leading French investment bank has selected the Actimize MiFID Transaction Reporting Solution. The bank, an existing Anti-Money Laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. client, will use the new Actimize solution to comply with the obligations that will be imposed by the Markets in Financial Instruments Directive The Markets in Financial Instruments Directive (MiFID) will introduce a single market and regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). (MiFID). The solution will be put in place to monitor all of the bank's financial instruments transactions processed in the French market. Actimize MiFID Transaction Reporting is one of the Actimize MiFID brokerage compliance offerings introduced in May 2007. Other offerings include Client Classification and Suitability, Best Execution Compliance, Client Order Handling Surveillance and Conflicts of Interest Surveillance. All MiFID offerings share the same analytical engine A programmable calculator designed by British scientist Charles Babbage. After his Difference Engine failed its test in 1833, Babbage started the design of the Analytical Engine in 1834. and the Actimize Case Manager software for workflow and investigation processes. With the MiFID effective date approaching, financial institutions are racing to implement internal changes that will allow them to continue to provide services across borders and maintain branches in various European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community states. To comply with MiFID, businesses are required to have procedures in place to report details of all transactions in instruments traded on a regulated market A regulated market is the provision of goods or services that is regulated by a government appointed body. The regulation may cover the terms and conditions of supplying the goods and services and in particular the price allowed to be charged. to the competent authority. This creates a particular challenge for many financial institutions, as they need to meet the new requirements of more than one national regulator. Actimize is drawing on its expertise and knowledge of the financial markets and its intensive work with various financial institutions in Europe to provide firms with a robust and scalable solution to meet the new regulations. The Actimize MiFID Transaction Reporting software The following is a list of notable reporting software. Commercial software
Dealer: In a trade between two registered Market Participants (MP), only the sell side reports the trade. Auction: In a trade between two member firms, only the sell side reports the trade. obligations and alerts the compliance and supervisory personnel of potential violations. The solution also allows firms to comply with the intra-day reporting requirements by providing real-time alerts to the desk supervisor in the event of missing or incorrect trade reports before the day is past. Alerts are generated for transactions that were not reported, not reported on a timely basis, and/or not correctly reported. Alerts are scored, based on transaction size, the time delay in the trade report and the prior alert history of the trader and the security. The scenarios can be configured for each Reporting Authority, MTF (1) (Modulation Transfer Function) A measurement of monitor sharpness. MTF compares the contrast ratio between alternating black and green lines that are one pixel thick. or Exchange. "When it comes to transaction reporting, financial institutions need to have confidence in the quality of the solution they are using," says Bruno Piers de Raveschoot, Director of Actimize Europe. "Our heavy involvement in MiFID from a research and planning perspective has helped us to better understand the needs of the industry and bring to market a comprehensive suite of enterprise-wide offerings that can help firms effectively meet their compliance obligations." About Actimize Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top 10 global banks and eight of the top 10 U.S. brokerages use Actimize solutions to process hundreds of millions of transactions a day. Actimize, a NICE Systems (NASDAQ:NICE) company, has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Israel, London and Tokyo. For more information, go to www.actimize.com. About NICE Systems NICE Systems (NASDAQ:NICE) is the leading provider of Insight from Interactions[TM] solutions and value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , powered by the convergence of advanced analytics of unstructured multimedia content and transactional data -- from telephony, web, email, radio, video, and other data sources. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in 100 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com. NICE Trademarks: 360 Degree View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Software that determines what pending tasks should be done next and assigns the available resources to accomplish it. It may execute other programs or generate a list for human operators to follow. See scheduler. Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX IEX Ion Exchange (chromatography) IEX Inter-Exchange Carrier , Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission. |
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