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Global Trade Surveillance Requirements Across MiFID II, MAR and Benchmark Regulation
By: Jordan Dilworth, research analyst, JWG Since the financial collapse in 2008, regulators have been concerned about the vulnerability of firms engaged in trading activities and have reacted by emphasising preventive measures. Out of this drive emerged trade surveillance, which aims to prevent market abuse and market manipulation. In June 2016, the Market Abuse Regulation…
Seizing the Opportunity: In Defence of MiFID II
By: Will Winzor-Saile, Execution Architect, Redburn There is no escaping MiFID II. As the regulation becomes clearer and industry consensus forms, every financial firm is working hard to be ready for January 3, 2018. Alongside implementation, myriad discussion papers address the challenges faced in the new world – where can we trade dark, how will…
Smartkarma Challenges Traditional Investment Research Services
Smartkarma is on a mission to break the mould of traditional investment research services with an independent, cloud-based platform that curates research from independent providers and allows users to consume the research by paying a per user subscription. The platform operates dynamically to make all research available to all users in real time, but does…
TickSmith Gets Funding for Its TickVault Big Data Platform
It was encouraging this week to see VC interest in high-performance data management technology for financial markets, a segment often overlooked by fintech funds. TickSmith has announced a C$2 million investment from Illuminate Financial Management LLP, a venture capital firm with a specific focus on capital markets financial technology, giving it some clout as it…
Best Practice for MiFID II and FRTB Data Analytics and Risk Modelling
Markets in Financial Instruments Directive II (MiFID II) and the Fundamental Review of the Trading Book (FRTB) raise the bar on data analytics, benchmarks and risk modelling, requiring firms to process huge volumes of data and tackle the challenges of data quality and consistency. For those that succeed, beneficial outcomes include improved transparency that can…
Calypso/List & Ullink/Enfusion Launches Herald Return of STP
More evidence this week of the growing importance of post-trade capabilities, as trading system provider Calypso Technology teams with electronic trading platform supplier List, and trading and connectivity specialist Ullink hooks up with order and execution management systems (OEMS) vendor Enfusion. Driven in part by regulatory requirements, among them MiFID II’s record-keeping obligations and the…
Vela Adds to Object Trading to Growing Portfolio of Managed Services Components
In another burst of corporate activity, Vela Trading Technologies has agreed to buy Object Trading, a provider of Direct Market Access (DMA), pre-trade risk, and analytical applications. The deal follows hot on the heels of Vela’s recent acquisition of OptionsCity and adds to Vela’s portfolio of high-performance trading and market data offerings. In particular, Object…
Recorded Webinar: MiFID II and FRTB Data Analytics, Benchmarks and Risk Modelling
Markets in Financial Instruments Directive II (MiFID II) and the Fundamental Review of the Trading Book (FRTB) require huge volumes of data to be sourced and managed. This webinar will discuss what sort of data analytics you need to implement to be able to process and analyse MiFID II data, and what risk model data,…
QuantHouse Launches API Addressing MiFID II Needs
Trading solutions and market data services provider QuantHouse has launched an algorithmic trading stress-testing service, in API form, geared toward handling the increase in volume of market information and activity expected once MiFID II regulation takes effect in 2018, according to Stephane Leroy, business co-founder and chief revenue officer at the company. “The solution enables…
MiFID II – Are we nearly there yet?
The Financial Conduct Authority’s (FCA) publication of its final policy statement on the implementation of Markets in Financial Instruments Directive II (MiFID II) early this week underlines the mantra of ensuring transparency around processes and the protection of client money. It clarifies issues around provisions including inducements in relation to research, best execution and taping,…