Trading

Samsung puts Mifid II compliance officer in traders' pockets

Calls, texts, even movements to be tracked and uploaded to employers' systems for analysis

Friday 30 September 2016 at 15:42

Samsung puts Mifid II compliance officer in traders' pockets
Photo: iStock

Samsung is launching a product that will allow banks to record all the calls and texts made on its smartphones by trading employees - and track their movements - as technology firms large and small look to capitalise on opportunities stemming from the EU's revised trading rulebook.

The product - to be launched by the group's enterprise subsidiary Samsung SDS Europe - works with the group's Samsung Galaxy devices, the company said on September 30.