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Charles River Teams with TRADEcho on MiFID II Trade Reporting Solution

Charles River Development has partnered TRADEcho to deliver an automated trade reporting solution for Markets in Financial Instruments Directive II (MiFID II). The partnership allows firms using the Charles River investment management solution (IMS) to use TRADEcho as an Approved Publication Arrangement (APA) to report trades to the public and to access TRADEcho’s Smart Report…

IHS Markit Offers Cloud Service for MiFID II RTS 28 Best Execution Compliance

By Laura Burgess IHS Markit has introduced a service designed to help firms within the scope of Markets in Financial Instruments Directive II (MiFID II) comply with RTS 28, an element of the regulation’s best execution requirements that mandates firms to publicly report their top five trading venues by asset class. RTS 28 takes effect…

With MiFID II Unbundling Looming, Commcise and TR Roll Out Research Capabilities

Amid media reports that sell-side firms are struggling to settle on commercial arrangements for subscriptions to their unbundled research services post-MiFID II, service providers are starting to roll out solutions aimed at helping buy-side firms receive, manage and pay for research under the new arrangements. MiFID II will require buy-side firms to justify how they…

AIMA Offers Guidance to Best Execution Under MiFID II

For hedge funds and other investment managers with a thirst for information on how best execution will change under MiFID II, the Alternative Investment Management Association (AIMA) has just released its MiFID2 Best Execution Guide. Best Execution under MiFID II differs from its predecessor’s provisions in two main ways. First, MiFID II requires investment firms…

How Trading Operations Changes Both Cut and Inflate Costs

Even as fixed-income trading operations technology makes up its lag behind equities trading technology, the overall costs in trading operations are likely to increase, causing investment firms to have to pay more, according to panelists who will be considering “Trading in the new normal environment” at the Intelligent Trading Summit in New York on June…

Blockchain Venture Attracts Firms With Customization

The CME Group and blockchain technology provider AlphaPoint, in collaboration with the UK’s Royal Mint, have launched a digital gold trading product that aims to bring more financial institutions into gold trading and allow its users some open source parts on which they can build customized functions. Royal Mint Gold (RMG), the digital gold trading…

Go West, Old Exchange!

Following the EU’s block of the London Stock Exchange merger with Deutsche Boerse, LSE could consider North American suitors with lower regulatory hurdles By: Jim Northey, Principal Services Consultant, Itiviti Coming as no surprise on the same day as the letter invoking Article 50 to separate the UK from the European Union, the EU on…

Exegy Adds IEX Data As Its First Direct Source

Market data managed services and technology provider Exegy has taken a step to be a direct source of some US National Market System (NMS) data itself, with an announcement of the addition of IEX (The Investors Exchange) data to its X-Port market data vending service. “We are offering a more complete direct feed for the…

ESMA Raises Alarm About Systematic Internalisers

The European Securities and Markets Authority’s chair, Steven Maijoor, has raised an issue concerning the use of systematic internalisers (SIs) to circumvent MiFID II rules, writing to European Commission director general Olivier Guersent earlier this month. In a letter dated February 1 and released to the public on February 14, Maijoor wrote that market participants…

As New Regulation Arrives, Europe Can Expect More Trading Venues

Experts on the European execution venue landscape are split on whether the future of that landscape is consolidation or fragmentation, as they expressed in a panel discussion on the topic at the Intelligent Trading Summit in London on 2nd February. Multi-lateral trading facility (MTF) activity has increased, according to Will Winzor-Saile, an execution architecture executive…