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MiFID II Best Execution Presents Challenges and Opportunities
Markets in Financial Instruments Directive II (MiFID II) raises the bar on best execution, presenting significant data management challenges, but also opportunities to use best execution data to gain competitive edge. Where MiFID required investment managers to show they had taken ‘reasonable’ steps to demonstrate best execution, MiFID II requires ‘sufficient’ steps, suggesting a more…
Proving Best Execution Depends On Collecting More Data
The best way to accomplish all the aspects of ensuring best execution of trades in a manner compliant with Europe’s MiFID II regulation taking effect next year is by gathering all data, market history and relevant information in one place, says Dermot Harriss, senior vice president at OneMarketData, who spoke in a January 26 webinar,…
Silverfinch Builds Data Aggregation Templates into PRIIPS Solution
Silverfinch is building templates designed to aggregate and distribute data required by Packaged Retail Investment and Insurance Products (PRIIPs) regulation for Key Information Documents (KIDs) into its PRIIPs compliance engine. The company plans to finalise the solution following the release of Level 2 Regulatory Technical Standards (RTS) that could be published by the European Commission…
Privitar Provides Products to Meet Data Privacy by Design Requirements of GDPR
Privitar is meeting the privacy by design and default principles of General Data Protection Regulation (GDPR) with innovative data privacy solutions that play not only into regulatory compliance, but also into gaining greater value from data, particularly big data. The company’s approach to GDPR data privacy requirements is based on risk mitigation provided by two…
Intelligent Trading Insights and Predictions for 2017
Trading organisations need to turn the manual art of trading operations into the science of automation to reduce costs, deliver the best outcomes for clients and comply with the transparency requirements of Markets in Financial Instruments Directive II (MiFID II). They may also need to reassess business models that are no longer fit for purpose….
MiFID II Response Depends On Organizing Data, Sticking To Exchanges
Transparency of financial market activity will be key to achieving compliance with MiFID II best execution provisions, states independent industry consultant Chris Pickles, who will be on a panel discussing data management under the European Union directive, at the Intelligent Trading Summit (ITS) to be hosted by A-Team Group in London on 2nd February. “MiFID…
CAT Builder Choice Marks End Of Years-Long Process
Spurred by the US Securities and Exchange Commission (SEC) approval of a national market system (NMS) plan in November, which includes creation of a consolidated audit trail (CAT), US securities exchanges chose Thesys Technologies, a New York-based trading technology provider with a focus on trading surveillance and big data functions already aimed at CAT functions….
Blockchain: Are we nearly there yet?
By Joshua Satten, Director of Business Consulting, Sapient Global Markets Recently, I led a panel discussion on blockchain case studies at the Securities Industry and Financial Markets Association (SIFMA) Asset Managers Forum in New York. The panel presented diverse perspectives on the current state of blockchain across the financial industry with representatives coming from State…
Financial Machineries and Iason Develop Anonymous Benchmarking Service for FRTB
Financial Machineries is collaborating with Italian risk management consultancy Iason to deliver a service that will help banks prove they have enough data to use an internal model for market risk capital calculations required by Fundamental Review of the Trading Book (FRTB) regulation. Banks that cannot prove they have enough data to use an internal…
Markit EDM Lays Out 2017 Roadmap
Markit EDM, the enterprise data management (EDM) business of Markit that merged with IHS in July 2016, has laid out its roadmap for 2017 including functional expansion of its EDM platform and a focus on delivering improved data visualisation to business users. Working with IHS, a provider of proprietary information, analytics and solutions to a…