RTS 27 is a quarterly reporting requirement, for execution venues, as well as market makers and systematic internalizes. Such financial organization as obliged under MiFID II to publish best execution reports that indicate the quality of their execution.

Salvus worked with the internal team of a Cyprus Investment Firm (CIF) in extracting the necessary set of data and producing compliant RTS 27 reports. As per the regulation, these trading data were converted into the required tables.

In discussing similar projects with other entities we identified three issues;
– Unwillingness to share sensitive data with 3^rd party vendors that automate this requirement,
– Understanding what they need to report and in what way,
– Internal capacity or ability to extract and convert these data as required.

We are confident we are able to help investment firms meet their obligation in an effective and economical manner that addresses all three issues. Should you wish to know more please contacts us at info@salvusfunds.com.