One connection.
Fully managed.

Problem

Multiple consolidated tapes are live or in flight across the EU and UK, each requiring you to submit your trade data in its own format, on its own timeline, with its own change cycle. Building separate outbound pipelines is a project; keeping them all current is an ongoing burden.

Solution

You submit once, to one endpoint. We fan your trade data out to every tape, normalised, formatted, and transmitted to each destination. When a spec changes or a new tape launches, the update is ours to make.

Problem

As an APA or trading venue, you must publish post-trade data publicly within strict timeframes, near real-time for liquid instruments, with automated deferral rules for illiquid or large-in-scale trades. Building and operating the publication infrastructure, managing deferral calculations, and connecting to the consolidated tape is a significant ongoing technical obligation.

Solution

We host and operate the full publication infrastructure on your behalf. You provide the trade data. We apply deferral logic, publish it publicly in the required format, and submit it to the CT. You hold the authorisation; we operate the full publication infrastructure.

Problem

As an ARM, you receive transaction data from investment firms and must submit complete, accurate 65-field MiFIR transaction reports to the regulator. Deriving the full field set from raw trade data, including fields that require lookup, inference, and instrument reference data, is technically demanding and error-prone at scale.

Solution

We receive your trade data, derive the complete transaction report automatically, and submit it to the NCA on your behalf. Full field coverage across all instrument types, with pre-submission validation to catch errors before they reach the regulator.

Problem

LRGS, ILQD, and SIZE deferrals each carry their own thresholds and priority ordering. Thresholds are recalibrated periodically; hand-rolled logic drifts between recalibrations.

Solution

The gateway applies the correct code automatically and tracks every recalibration centrally. Overrides and the full decision log are exposed in the dashboard.

Problem

Each tape expects a conformance period before production flow, and every subsequent spec update carries regression risk for what was already working.

Solution

Parallel-run UAT included in every subscription. Every change lands in UAT first, you see it work before it reaches production.

Problem

MiFIR transparency rules, TVTIC requirements, and deferral codes evolve continuously, and each tape evolves on its own cycle. Compliance has to track every tape's cycle continuously to stay valid.

Solution

We track each tape's changes and keep the gateway aligned. Every submission carries its receipt ID, retained permanently and exportable on demand.

Problem

Connecting your existing trade systems to six CT targets, a transparency publication path, and a transaction reporting pipeline is a significant integration project, multiple formats, protocols, and field mappings, with ongoing maintenance as specs evolve.

Solution

Ediphy integrates directly with your existing trade API. We build and own the connection; you run the service. No changes to your trading systems required.

Problem

Proving compliance means reconciling your internal trade record against what was actually submitted to each tape, and that reconciliation needs access to both sides within your perimeter.

Solution

BYOC by default. The gateway runs inside your environment, next to your private data, with receipts held locally. Reconciliation is a local query. An Ediphy-hosted option is available if an Ediphy-hosted operating model is preferred.

Problem

At least one tape already requires permanent, per-trade receipt storage as the only accepted proof of submission. The pattern may generalise across others. Built DIY, each tape means a durable store, a reconciliation loop, an audit query layer, and a retention policy.

Solution

Receipt storage is built into the gateway for every tape we connect to. Each submission lands with its receipt ID in durable storage; the dashboard reports coverage and the API returns any receipt on demand.

Problem

Some consolidated tapes publish quality scores publicly, per venue, and those scores evolve through the life of each trade. Low scores are caused by specific, fixable data issues, missing TVTICs, late timestamps, inconsistent venue IDs. Without analytics, they remain visible.

Solution

Per-trade, per-tape score breakdown with remediation guidance. You see what's driving each score and what to change upstream, before it's visible to the market.