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UBS MTF Selects Aquis Technology for MiFID II Surveillance and Reporting
UBS MTF (Multilateral Trading Facility) has selected Aquis Technology, the regtech services arm of Aquis Exchange, to provide market surveillance and RTS 27 reporting software as required by Markets in Financial Instruments Directive II (MiFID II). UBS selected the Aquis Market Surveillance solution on the basis of its strong and comprehensive market monitoring and surveillance,…
MiFID II – Why ISINs for OTC Derivatives are Bad for Transparency
By: Amir Khwaja, CEO of Clarus Financial Technology One of the goals of MiFID II is to improve transparency of price and volume in financial markets and the implementation date of January 3, 2018 finally gave me an opportunity to look at the post-trade data made publicly available by trading venues and Approved Publication Arrangements…
Sponsored Blog: Ullink Considers How Low-Touch and High-Touch Trading are Playing Out in a Changing Economic Environment
The global trading landscape is changing, driven by regulation, automation, cost pressure and the search for alpha. In response, sell-side firms are rebalancing their high-touch order management and low-touch direct market access (DMA) trading, and considering new approaches to achieving accurate and efficient electronic trade execution at speed and scale. On the buy-side, firms continue…
How to Turn Data Lineage from a Regulatory Response into a Business Advantage
‘Death, taxes…and regulation’. Benjamin Franklin’s only two certainties in life have a new addition, so the joke goes, as financial firms face a never-ending and burdensome blitz of regulatory reporting – BCBS 239, MiFID II, Dodd-Frank, EMIR, GDPR, CCAR etc. etc. One partial solution to the new norm of constantly changing compliance is data lineage,…
The Proactive Sourcing Imperative: A New Era of Financial Data Management
By: Martijn Groot, vice president, product management, Asset Control. Enterprise data management, or EDM, has long been associated with the discipline of sourcing, mastering and distributing data that typically includes valuation data, instrument master data and entity data. However, major changes in business and regulatory reporting requirements and enabling technologies mean that each of the…
Danske Bank Goes Live with Datactics RegMetrics to Validate Customer Data
Danske Bank UK has implemented Datactics’ RegMetrics data quality solution to improve its single view of customers in Northern Ireland. The bank concluded a successful proof of concept last summer, went live with RegMetrics this month, and is looking at additional use cases for the software. The bank looked at three solutions to enhance its…
DSB Final Fees for ISINs for OTC Derivatives Higher than Expected
The Derivatives Services Bureau (DSB) set up to create ISINs required for OTC derivatives under Markets in Financial Instruments Directive II (MiFID II) has finalised fees for user contracts running from October 2, 2017 to December 31, 2018. It notes, ‘we are mindful that the smaller than expected number of users contributing to the DSB’s…
The Governance, Risk and Compliance Trends Set to shape 2018
By: Doug Morgan, Group Chief Executive, Cordium The past few years have been challenging for the compliance teams of financial firms and 2018 will be no different – if anything, the pace of evolution is set to accelerate on a number fronts. From input gathered from clients and industry contacts, Cordium has pulled together a…
Virtu Targets MiFID II SI Liquidity via Partnerships with Vela, QuantHouse, Exegy
Electronic market-maker Virtu Financial has staked its claim as a Systematic Internaliser under MiFID II, announcing several distribution partnerships for its SI-related data feeds as the regulation came into effect last week. Virtu – whose SI aspirations will be led by its Virtu Financial Ireland operation – plans to provide bilateral liquidity in European cash…
Thomson Reuters Live with Key MiFID II Compliance Services
Thomson Reuters has fulfilled its commitment to clients within the scope of Markets in Financial Instruments Directive II (MiFID II) with go live of key services designed to help them achieve compliance. Services that have been updated since the January 3rd, 2018 MiFID II compliance deadline include: updated MiFID II compliant data already available to…