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FlexTrade Adopts SmartStream RDU’s SI Registry for MiFID II Compliance

By Uri Inspector, Staff Reporter FlexTrade has integrated SmartStream RDU’s Systematic Internaliser (SI) Registry into the FlexTrader execution management system (EMS) to help FlexTrade customers comply with new MiFID II reporting regulations coming into force from September 2018. The development will allow FlexTrade clients to ascertain the SI status of counterparties before they decide to…

MiFID II: The Need for a Centralised Messaging Platform

With the pressure of initial implementation now a distant memory, MiFID II-regulated firms are turning their attention to the real work required to create sustainable long-term solutions. For many, the race to meet the January 3 deadline meant implementing temporary compliance processes that were far from perfect. Unless updated and improved, these could lead to…

TORA Partners Trax to Support MiFID II Trade and Transaction Reporting

TORA has extended its provision of MiFID II solutions through a partnership with Trax, the European market data division of MarketAxess. The partnership will combine TORA’s order and execution management system (OEMS) with the Trax regulatory reporting engine to provide users with straight through processing for the trade and transaction reporting requirements of MiFID II….

MiFID II Revisited

It is no secret that Markets in Financial Instruments Directive II (MiFID II) remains a work in process, despite go live back in January. But what still needs to be done, how easy will it be, and how can firms work towards accruing the benefits of compliance? A recent A-Team Group webinar, MiFID II Revisited,…

HPR Extends Capital Markets Infrastructure Technology into Europe

US based capital markets infrastructure technology provider Hyannis Port Research (HPR) has made its first foray into Europe with a leading global investment bank that has gone live with its Riskbot market access platform in EMEA. The platform provides trading clients with sub-microsecond direct market access to Cboe Europe, Euronext, LSE, Turquoise and Xetra. Riskbot…

MiFID II Data Management: Where Are We Now?

Winston Churchill probably doesn’t spring to mind when considering Markets in Financial Instruments Directive II (MiFID II), but his famous Battle of El Alamein description – “This is not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning” – fits the new EU regulation…

Elixirr and Kaizen Partner to Deliver Regulatory Reporting Remediation Solutions

Elixirr and Kaizen have partnered to deliver an end-to-end regulatory reporting remediation service for financial institutions. The firms, Elixirr a consultancy and Kaizen a regulatory reporting assurance specialist, will offer clients assurance testing, governance and support for trade and transaction reporting remediation projects. Kaizen’s ReportShield solution checks every item of transaction data for accuracy and…

Eze Software Extends Collaboration with NEX to MiFID II Trade Reporting

Eze Software has extended its Markets in Financial Instruments Directive II (MiFID II) reporting capability through collaboration with NEX Regulatory Reporting, an Approved Publication Arrangement (APA) under the regulation that meets client needs to publish pre- and post-trade data and reports as soon as possible after trade execution. The collaboration bolsters Eze Software’s MiFID II…

Risk Focus Adds Regulatory Reporting Advisory

Risk Focus has introduced Regulatory Reporting Advisory (RRA), a service designed to help clients comply with trade reporting regulations, meet aggressive deadlines and build solutions for regulatory compliance, including upcoming regulations such as Securities Finance Transaction Reporting (SFTR), which takes effect in early 2019. Risk Focus RRA offers support for all aspects of regulatory reporting…

The CAT is Out of the Bag and it Looks Aggressive

In an era of regulation, traders may not love compliance, but they have learned to live with it. That said, the looming US Consolidated Audit Trail (CAT) has stirred up infighting between the Securities and Exchange Commission (SEC) and the individual broker-dealer firms and exchanges affected. There have been complaints of an ‘incredibly aggressive’ timeframe,…