X_RISK®

X_RISK MIFID II

MiFID II requires that firms have the ability to cancel orders immediately as an emergency measure. X_RISK 7.18.0 supports this requirement by sending the applicable MiFID II tags to the exchange when a working order is canceled by a risk administrator. The risk administrator's MIFID tags will be applied to the canceled orders.

If an administrator deletes a stale order in X_RISK, the order originator's MiFID II tags remain on the order.  An INFO message with the administrator's MiFID II tags is also displayed in the Audit Trail.