In some respects, MiFID II can be described using the old saying “a death by a thousand cuts.” In other words, it is not the nature but rather the number of changes required that add up to create complexity. Listen to Jim Northey, SVP Strategy and Research, discuss some of these changes in the realms of order routing, time synchronization and best execution.
Risk & Compliance Best execution under MiFID II is a holdover from its predecessor, MiFID I, but with two kickers. First, it’s much broader in scope, applying to all asset classes vs. MiFID I’s equities-only focus. Second, and perhaps more onerously, it’s more forceful: iinvestment firms have an obligation to take “all sufficient steps” to execute client orders […] September 19, 2017
Risk & Compliance It’s now less than six months to go before the January 3, 2018, go-live date for the European Union’s Markets in Financial Instruments Directive II (MiFID II), perhaps the most wide-ranging shake-up of the European trading landscape in a generation. At its heart, MiFID II is aimed at improving investor protection and transparency, with the […] August 24, 2017
Risk & Compliance The deadline for MIFID II compliance is less than six months away. Though the regulation is largely understood, firms anecdotally report that they expect to be ready with significant workarounds that will likely need to be revisited in the future to improve and streamline operations. More interestingly, firms are finding that the regulators’ intentions are […] August 15, 2017
Risk & Compliance 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, organized by Intelligent Trading Technology in July 2017, discusses what sort of data analytics you need to implement to be able to process and analyse MiFID […] August 2, 2017