Preparing the sell-side technology stack for MiFID II

By Jonas Hansbo
December 12, 2016

In the wake of the regulatory tsunami caused by MiFID II, sell-sides are struggling to manage cost pressure alongside extensive new requirements. MiFID II will introduce a far more comprehensive and detailed framework than its predecessor, impacting transparency, market structure, and organizational requirements. It will also significantly strengthen investor protection. Operational efficiency and traceability will be key to remain in business post MiFID II, as the new regulatory requirements will touch virtually every area of trading. It will be practically impossible to comply with MiFID II without implementing technology designed for this purpose.

sell-side-technology-stack

With MiFID II on the horizon, banks and brokers across Europe have initiated system review processes to ascertain the effectiveness of their current technology. Many firms are also taking this opportunity to consolidate systems to get the full picture of their trading, position and risk management across asset classes. It is also a golden opportunity from a practical perspective to clean up the platform and reduce the number of vendor relationships. While consolidation makes perfect sense from a business perspective, it does complicate the system selection process, as the new platform must support varying needs across asset classes and business functions.

Itiviti has prepared an overview of today’s multi-faceted sell-side technology stack to facilitate a discussion, layer-by-layer, around the expected impact of MiFID II.

Download

Related Content

Introducing Itiviti Managed FIX

Introducing Itiviti Managed FIX

Video FIX is the way the world trades, but FIX solutions come at a high cost. The answer to this dilemma? Itiviti Managed FIX: a transparent, robust, enterprise-enabled solution that will lower your cost of ownership while keeping you in control over your connectivity. Itiviti Managed FIX: the way the world connects. March 23, 2017

FIX connectivity delivered as a service

FIX connectivity delivered as a service

Video George Rosenberger, SVP Managed Services at Itiviti, talks to The TRADE about trends in FIX as-a-service. March 21, 2017

MiFID II – The impact on client onboarding

MiFID II – The impact on client onboarding

Video Johan Feinberg, Director of Regional Product Management EMEA at Itiviti, talks to The TRADE about the implications of the upcoming MiFID II regulations on client onboarding. March 15, 2017