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Recorded Webinar: Voice recording for communications surveillance under MIFID II/MAR
To date, the industry’s regulatory compliance focus for upcoming European MiFID II and Market Abuse Regulation (MAR) has been on issues including the structure of trading facilities, systematic internalisation, governance, best execution and time-stamping. MiFID II and MAR also contain provisions, however, increasing the requirements for recording and archiving voice communication related to securities trading….
MiFID II Effects On Order Handling and Reporting Requirements Emerge
The specifics of MiFID II compliance have become clearer with new guidance from the European Securities and Markets Authority (ESMA), and increased understanding of best execution and transparency parts of the regulation among industry professionals. In ESMA’s recent question and answer statement on MiFID II, the authority specified what data must be published and reported…
Firms Face Lack of Clarity on MiFID II Data Transparency Obligations
Meeting the data transparency obligations of Markets in Financial Instruments Directive II (MiFID II) continues to be a challenge for financial institutions struggling to manage the scale of change presented by the regulation, improve data quality to achieve transparency, and implement solutions without final clarity from the European Securities and Markets Authority (ESMA) on outstanding…
No Need to Reinvent the Tech Wheel for Key Derivatives Rule, When (Or If) It Comes
By: Steven Strange, Buy-Side Product Manager, Fidessa In late 2015, the U.S. Securities & Exchange Commission proposed a new rule designed to regulate the use of derivatives by registered investment companies. Rule 18f-4, as it is known, would affect the way derivatives and related assets are included into the portfolios of mutual funds, ETFs, and…
Making Market Data Instantaneous: Beast Apps Shakes Up Trader Workflow
With its Monoceros Market Data Platform (MDP), financial data, analytics, trading and risk technology company The Beast Apps expects to change the traditional client sales trader workflow from the way that has operated for decades. Intelligent Trading Technology spoke with Vinayek K. Singh, CEO of The Beast Apps, discussing what is novel about Monoceros (rhymes…
MiFID II Handbook
As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have…
Ullink Expands MiFID II Solution Portfolio with Automated Trade Reporting
Ullink is developing a portfolio of Markets in Financial Instruments Directive II (MiFID II) products, the latest being an automated trade reporting solution designed to help firms comply with the post-trade transparency rules of the regulation. Coming soon are a post-trade data management product that will create a client order biographies necessary to record keeping…
Firms Struggle To Grasp MiFID II Time-stamping Rules
MiFID II definitions for time-stamping and rules for record keeping to support tracking of trade orders — as defined in Article 25 of the directive’s regulatory technical standards (RTS 25) — even less than a year away from the deadline for compliance with the regulation, appear to be little understood, according to experts who spoke…
Recorded Webinar: Trade/Order Tracking & Time-Stamping for Regulatory Compliance
At the beginning of 2018 in Europe, and before the end of 2017 in the US, new time-stamping requirements will come into force, under European MiFID II regulation and the US SEC’s Consolidated Audit Trail (CAT) project. The RTS 25 provision of MiFID II sets exact millisecond and microsecond levels for time-stamp accuracy depending on…
Broadridge Integration of Message Automation Takes on MiFID II
Broadridge Financial Solutions acquisition of Message Automation allows the company to better serve trade and transaction reporting regulatory demands under MiFID II, according to David Campbell, a capital markets strategist at Broadridge. While Broadridge had already integrated Message Automation services under their existing relationship, the acquisition is making it possible to integrate more of both…