Regulation of trading operations will ramp up with the introduction of Regulation Automated Trading (Reg AT) and Markets in Financial Instruments Directive II (MiFID II), adding to the cost burden, but also providing potential for new trading opportunities.
The challenges and opportunities presented by incoming regulation and the technology response for 2016 will be explored by a panel of experts at next week’s A-Team Group Intelligent Trading Summit in New York.
Andrew Delaney, chief content officer at A-Team, will moderate the panel session and will be joined by Rob McGrath, global head of trading at Schroders; Eric Karpman, a subject matter expert in trading technology; Brett W. Redfearn, global head of market structure strategy at JP Morgan Chase; Nancy Andrews Turbé, principal director, risk and finance at Accenture; and Dermot Harriss, senior vice president at OneMarketData.
The panel will discuss the compliance requirements of incoming regulation, with MiFID II expected to be a hot topic, despite that fact that it is a European rather than US regulation, and because of its extensive coverage of asset classes and detailed requirements in areas such as best execution, time synchronisation and reporting.
Along with other incoming regulation, MiFID II will have a major impact on trading firms, adding infrastructure cost and cost to trade, and in the case of MiFID II, raising the question of how viable it will be for US firms to continue to trade in Europe.
On the upside, regulatory compliance and a harmonised approach to multiple regulations that avoids process repetition and lowers cost can improve operations, increase understanding of trade data and provide new trading opportunities.
To find out more about:
- Incoming regulation
- Compliance challenges
- Technology solutions
- Trading opportunities