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ITS MiFID II Briefing: MEP Warns of Political Impact on Market Structure Post-Brexit
Dr Kay Swinburne, the Welsh Conservative MEP known for her instrumental role in the architecture of MiFID II, has issued a stark warning on the highly politicised environment to be expected over the next six months. As Brexit negotiations take centre stage and technical considerations become subsumed by partisan agendas, Swinburne further stressed the potential…
Get Ready For RegTech
Get ready as the second annual A-Team Group RegTech Summits are fast approaching. Held in both London and
Archax selects Aquis Technologies to underpin institutional-grade crypto exchange
Archax, the institutional-grade crypto and security token exchange due to open in the first half of 2019, has selected Aquis Technologies for a complete suite of exchange operations services and tools to support its business. The suite includes the Aquis Matching Engine (AME) and Aquis Market Surveillance (AMS), as well as market operations and post-trade…
Thomson Reuters Provides Market Data for Trax SI Determination Service
By Uri Inspector, Staff Reporter Post-trade specialist Trax has entered an agreement with Thomson Reuters to use the latter’s market and reference data to support its Systematic Internaliser (SI) determination service and MiFID II regulatory reporting. The deal is designed to help firms meet the regulatory obligations of the expanded SI regime that comes into…
Digital Asset Names Former Thomson Reuters Exec James Powell to CTO
Digital Asset, a New York-based distributed ledger technology solutions provider, has appointed former Thomson Reuters executive James Powell as its new CIO and CTO of engineering. Powell is charged with guiding development of the company’s distributed ledger platform and smart contract modelling language, DAML. He joins the firm after a stint at Warburg Pincus as…
Systematic Internalisation Under MiFID II: What’s Needed Now
From September 1, 2018, firms within the scope of MiFID II that breach volume thresholds set by ESMA on August 1, 2018 for internal matching of client orders will be required to register as systematic internalisers (SIs) and operate within the SI regime detailed in the regulation. Sounds pretty straightforward, but that is far from…
Fonetic Names Child, Broderick, Blower to New Advisory Board
Voice systems provider has created an advisory board to tap industry expertise on the use of technology in regulatory compliance and market surveillance. To kick off the initiative, the company has recruited three industry executives: Nick Child, former Citi markets compliance head, who will act as chairman; Sandy Broderick, ex-Société Générale MD; and Oliver Blower,…
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…
Post-Trade for ETDs: The Final Frontier for Buy-Side Operational Efficiency?
The fund management industry’s shift to passive funds and embrace of smart-beta funds over the past decade or so has shaved margins to the extreme. In this environment, operational efficiency becomes an existential issue. Across a broad swathe of asset classes, front-office technologies have kept pace with massive changes in market structure driven by regulation…
Post-trade ETD – where all the sticking plaster got used!
The fund management industry’s shift to passive funds and embrace of smart-beta funds over the past decade or so has shaved margins to the extreme. In this environment, operational efficiency becomes an existential issue. Across a broad swathe of asset classes, front-office technologies have kept pace with massive changes in market structure driven by regulation…