MiFID Trade Reconciler
Detects over- and under-reporting, checks timeliness, and reconciles internal trades with those received by the regulator.
Looking for G10 Reconciliation (EMIR, CFTC, etc)? See our DualRec Solution
Identify Every Break. Nothing Over. Nothing Under. Nothing Late.
Many firms still rely on manual processing, spreadsheets, or fragmented reconciliation processes that are prone to error and resource-intensive. Qomply replaces this with a cloud-based, automated framework that delivers consistent, repeatable assurance - without operational drag.
The MiFID Trade Reconciler operates alongside the Qomply Diagnostic Auditor as part of our regulatory reporting hub, delivering end-to-end confidence in transaction reporting quality. It can also be subscribed to independently, enabling firms to meet regulatory obligations in a proportionate, cost-effective way, based on trade volume and reporting complexity.
Overview
COMPLETENESS CHECKS
Instantly perform completeness and timeliness checks across all-sized datasets, reconciling transactions sent from internal trade capture systems with those received by the regulator.
RTS 22 ALIGNMENT
Periodic completeness and timeliness checks aligned to MiFID II RTS 22.
FLEXIBLE RECONCILIATION
Supports both two-way and three-way reconciliation across trade capture systems, ARMs, and regulatory records.
LOW-TOUCH INGESTION
Flexible data ingestion via CSV, XML, or Excel for low-touch periodic reviews.
ENRICHED OUTPUTS
Enriched reconciliation outputs, leveraging auxiliary services and FIRDs reference data.
AUDIT-READY EVIDENCE
Clear, audit-ready evidence to support internal assurance, FCA supervision, and ESMA expectations.
Trusted by top investment firms
Learn how Qomply helps leading investment firms meet regulatory demands with confidence.
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Qomply has reduced the complexity of what was a tedious and painful process. The scope and breadth of their platform helped us address our regulatory obligations around transaction reporting reconciliation.
Simon HebbCompliance Director, Gore Browne Investment Management
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Qomply's technology has helped us improve the accuracy and efficiency of our regulatory reporting framework. Good industry knowledge and practical experience combined with a can do attitude makes them a great partner to work with.
Martin WilliamsHead of Investment Operations, Arbuthnot Latham
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Qomply's technology transformed a previously labour-intensive task into a much more efficient process. With Qomply's technology and straightforward interface, transactional data can be analysed and diagnosed against a comprehensive set of rules within seconds.
Director, Professional Services Consulting Firm, BDO
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Qomply offers an excellent solution for firms aiming to assume control of their regulatory reporting obligations while reducing fees. Their team's deep understanding of regulatory requirements ensures accurate and reliable solutions for your firm's needs.
Variance Capital
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Qomply have combined a genuine grasp of complex regulations with polished technology. The result is a tool that strengthens the hand of those seeking to manage the regulatory risk that comes with trade and transaction reporting.
Eoghan HartiganManaging Consultant, Ocorian
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Their team, headed up by former FCA Regulator, Sophia Fulugunya, takes care of our daily reporting tasks, undertaking daily quality assurance which frees up considerable resources internally. The team are responsive and really know their stuff, always willing to go the extra mile when necessary. A real gamechanger.
Oliver StantonCompliance Manager & Data Protection Officer, James Sharp & Co.
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Qomply has become a core component of our MiFIR control framework. The level of insight we now have over our data has given us greater confidence in the accuracy and quality of our regulatory submissions.
Jamie CotterOperations Manager, MASECO
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Qomply's solutions are innovative and client focused. Their solutions recognise the importance of data quality and demonstrate an in-depth understanding of the challenges faced by the spectrum of investment firms in maintaining accurate reports.
Zach JohnsonDirector, Regulatory Consulting, Kroll
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By adopting Qomply's solution, we have managed to automate a number of aspects of our verification checks, enabling us to greatly improve the efficiency of the overall reporting process.
James WatermanOperations Director, Third Financial
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Bringing Qomply on-board to use as part of our validation process for transaction reporting has given us confidence as a business that the transaction reports that we are submitting are delivered accurately.
John GillesHead of Operations, Senior Associate, Shackleton
Frequently asked questions
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MiFID II regulations (RTS 22, Article 15(3)) require firms to ensure transaction reports are complete, accurate, and regularly tested. Qomply’s MiFID Trade Reconciler enables firms to meet these requirements with clarity, speed, and confidence.
Raw trade data is securely submitted into the Qomply Regulatory Reporting transformation engine, where it is reconciled against data held by the regulator, including the FCA’s MDP and ARMs where applicable. The solution supports both two-way and three-way reconciliation, providing a defensible view of reporting completeness and timeliness.
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The MiFID Trade Reconciler focuses on completeness and timeliness checks. When used alongside Qomply’s Diagnostic Auditor, which performs accuracy and quality assurance checks, the two form the ReportAssure suite, delivering comprehensive regulatory reporting assurance.
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Yes. Qomply’s DualRec solution supports transaction reconciliation across North America, Europe/UK, and APAC, including CFTC, CSA, EMIR, SFTR, ASIC, MAS, and HKMA allowing firms to apply a consistent reconciliation approach across jurisdictions.
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Absolutely. Firms can choose between two-way reconciliation (internal systems vs regulator) or three-way reconciliation (internal systems, ARM, and regulator), depending on their reporting model and control requirements.
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Yes. The MiFID Trade Reconciler is fully configurable. Firms can reconcile every reportable field or focus on specific fields only, based on internal preferences and data structures.
This is particularly useful for firms using PII short codes, where certain fields may not require reconciliation.
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Yes. The platform is fully automatable, supporting both secure SFTP data drops and REST API integration, enabling seamless integration into existing workflows and reducing manual effort.
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Yes. Qomply supports both UK and EU FIRDS data. This allows firms to identify over-reporting and under-reporting across multiple jurisdictions.
Our Rapid Reconciliation feature enables this check without requiring a full 65-field report, significantly reducing operational overhead and improving data integrity.
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Expert resources on regulatory reporting
Analysis, case studies, and events covering transaction reporting and regulatory compliance.
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GuidesMiFID II Reconciliation 101 Guide
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VideosWhat Does a Good MiFID II Transaction Reporting Reconciliation Look Like?
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InsightsFive Reasons to Reconcile MiFID Transaction Reports
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InsightsWhy Technology is Redefining Transaction Reporting Reconciliations
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VideosMiFID II Insights: Completing Errors & Omissions Notifications