---
title: "Success Story: Bank Accelerates Regulatory Reporting by 3 Months"
description: "Corvil provides streamlined order record keeping for MiFID II compliance."
type: "case-studies"
date: "2018-03-29"
source: https://www.pico.net/resources/large-commercial-bank/
markdown_url: https://www.pico.net/resources/large-commercial-bank.md
---

# Bank Accelerates Regulatory Reporting by 3 Months
## Challenge

### Rising Cost and Complexity of Compliance with Emerging Regulation

- Compliance implementation across diverse trading platforms and execution venues

- Creation of a consistent means of timestamping and capturing reportable events across multiple asset classes

## Solution

### Single System for Consistent Capture Across Multiple Asset Classes, Platforms and Protocols

- Time-sequenced [record of the entire order lifecycle](https://www.pico.net/products/corvil-analytics/) for Equities and Fixed Income transactions

- Automated correlation and normalization of messaging changes that occur across infrastructure such as gateways and smart order routers

- Nanosecond-precision order record timestamping with identification of clock synchronization anomalies to satisfy current regulatory requirements and to reduce cost burden of future, more stringent rules regarding timestamping

- API integration with existing storage systems to automate long-term record keeping data retention

## Results

### Reduced Operational Cost and Complexity of Compliance

↓ Compliance timeline by 3 months

↓ Compliance-driven changes to trading operations

↑ IT staff productivity through automation