TradingTech Insight Post-Trade The latest content from across the platform

Regulators are Cracking Down on Counterparty Identifiers in Line with the MiFID Review

The UK Financial Services Authority’s (FSA) recent fining of German bank Commerzbank (see our coverage here) for its transaction reporting failures is just one instance of the regulator’s current focus on the data details of a firm’s business. One of the underlying problems in Commerzbank’s case was the incorrect allocation of counterparty codes and the…

Logicscope Connects to Ice for Real-Time Post-Trade STP

Logicscope, a provider of post-trade STP between trading venues and their customers, has added IntercontinentalExchange (ICE) to its prestigious community of execution venues. By connecting to TradeSTP, Logicscope’s post-trade platform, clients can receive real-time post trade notifications for any asset traded on the market leading ICE electronic trading platform, transformed and delivered seamlessly into any…

European Commission Bent on Post-trade Infrastructure Revamp for Derivatives

The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties…

Euroclear Agrees to Buy Xtrakter Off ICMA as Part of Drive to Broaden Trade Matching Service Offering

Originally appeared in MiFID Monitor Euroclear has continued on the acquisition trail this month by signing an agreement with the International Capital Market Association (ICMA) whereby Euroclear will acquire 100% of Xtrakter, the ICMA subsidiary, for an undisclosed cash amount. Ignace Combes, deputy CEO of Euroclear, explains that the acquisition is part of the firm’s…

Interactive Data Leverages Pricing, Reference Data for MiFID Offer

Interactive Data Corp is leveraging the assets of its Pricing and Reference Data unit, as well as those of its Real-Time Services group, to offer a range of services aimed at helping clients meet their obligations under the EU’s Markets in Financial Instruments Directive (MiFID).  Interactive Data believes its real-time and reference data services units…

The Impact of MiFID

Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…