Recently, ESMA submitted its regulatory technical standards to the EU Commission, greatly reducing the market uncertainty that has been surrounding the introduction of MiFID II. This was the starting point for an even more active period of innovation and change, as players respond to the new rules and introduce new ways of dealing with them. For market practitioners, the message is clear: a flexible approach to market structure changes is required to minimize the risk in responding to the new European trading landscape and the unforeseen innovation that will accompany the adoption of the MiFID II.
This paper looks at which firms will be affected and how, and offers some guidance on meeting the technology and process requirements under the new market structure rules and definitions. It draws upon a survey of 11 electronic trading executives from Tier 1, Tier 2 and Tier 3 sell-side financial institutions across Europe conducted by A-Team.
Articles & Reports The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The imminent application of MiFID II in Europe is a case in point that is spurring a tectonic technology change. With a high pace of industry change and the cost of errors even higher, the quality assurance function is […] June 21, 2017
Articles & Reports In recent years, exchange-traded funds (ETFs) have seen phenomenal activity and growth. Regulation, product innovation and investor appetite have driven global Assets under management (AUM) to record levels, while also fueling increasing market structure complexity and straining trading platform capabilities across the board. Itiviti, in conjunction with GreySpark Partners, recently engaged in a comprehensive review […] May 18, 2017
Articles & Reports As continued strong growth is predicted for Exchange-traded funds (ETFs), the marketplace is also becoming increasingly complex. Itiviti has thus engaged with GreySpark Partners in a comprehensive review to map the key factors that will shape the future of ETF trading. The resulting whitepaper covers the competitive and regulatory issues facing ETF market participants in […] May 8, 2017
Articles & Reports Market participants are under tremendous pressure to maintain profitability whilst simultaneously improving time to revenue, meeting new regulatory requirements and holding off their competition. Venues, buy-sides, sell-sides, service and product providers are struggling with the increased regulatory pressure and the complexity of the trading environment. Manual processing is labour intensive and exposes firms to the […] March 14, 2017