Excelian, Luxoft Financial Services Delivers MiFID II Compliant Order Management System for Global Trading House
Feb16

Excelian, Luxoft Financial Services Delivers MiFID II Compliant Order Management System for Global Trading House

Excelian, Luxoft Financial Services announced it successfully delivered an Order Management System (OMS) for a global trading house ahead of the MiFID II deadline on January 3. Excelian Luxoft embarked on the project in late 2016 to build an OMS that supports the trading of energy and metals products whilst ensuring compliance with trading transparency rules under MiFID II. The project was delivered on time in December 2017, allowing...

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Thomson Reuters Introduces Investment Research Marketplace on Eikon to Further MiFID II Compliance
Feb02

Thomson Reuters Introduces Investment Research Marketplace on Eikon to Further MiFID II Compliance

Thomson Reuters Investment Research Marketplace allows buy-side firms to purchase sell-side research through its Eikon research and market data platform Thomson Reuters now offers an Investment Research Marketplace on its flagship desktop product Eikon, a solution that enables buy-side firms to purchase research from sell-side contributors designed to inform and complement their investment processes.  This solution also helps...

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MIFID II one month on – KNEIP comments
Feb02

MIFID II one month on – KNEIP comments

As we approach 1 month since MIFID II came into play, Raymond Groen int Woud, Head of Product Distribution Oversight at KNEIP, commented: “Nearly one month after the implementation of MiFID II it is maybe time to draw the first practical conclusions. With the initial delay of the Directive to 03rd January 2018, it was expected that asset managers would have taken the delay of an additional year to be ready in time. However, what we...

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StarLeaf Delivers Solution for MiFID II Communications Compliance
Jan26

StarLeaf Delivers Solution for MiFID II Communications Compliance

StarLeaf’s range of native Microsoft Skype for Business meeting room systems enables financial organizations to achieve MiFID II compliance from desktop to the meeting room. StarLeaf is the first manufacturer to offer meeting room systems that are fully-primed with a precise set of functionalities, enabling financial service organizations to comply with the new Markets in Financial Instruments Directive (MiFID II). MiFID is a European...

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MiFID II: Exemptions and Trading Volumes
Jan04

MiFID II: Exemptions and Trading Volumes

Stefan Negrila, Head of Regulation at Excelian, Luxoft Financial Services. Excelian Luxoft helps launch Mifid II technology projects for global banks across Europe. “As expected, most institutions were only partially prepared for MiFID II. Therefore financial regulators have granted last minute exceptions to ease the pain and ensure orderly function of the markets. Futures exchanges in the UK and Germany were granted a 30 month...

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Comment on MiFID II from Cognizant
Jan04

Comment on MiFID II from Cognizant

Abhijit Deb, Head of Banking & Financial Services, UK & Ireland, Cognizant: “MiFID II is one of the most far-reaching changes to financial market regulation yet. Investment and wealth management as well as wealth advisory firms are the most impacted segments, especially those who will now have to spend more time familiarising themselves with the new regulation where they have not had to deal with similar requirements with much...

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Far-Reaching Consequences: The Implications of MiFID II
Jan04

Far-Reaching Consequences: The Implications of MiFID II

The Markets in Financial Instruments Directive, aka MiFID II, remains one of the most talked about regulations in the financial services sector. Its impacts are far reaching – both in terms of the macro structure of the overall financial markets and the internal functional areas within the financial institutions themselves. The deadline for MiFID II compliance has already been delayed a year to January 2018 in response to concerns...

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AQMetrics Receives Authorisation To Operate A MiFIDII ARM
Jan04

AQMetrics Receives Authorisation To Operate A MiFIDII ARM

Central Bank of Ireland approves AQMetrics as an ARM under MiFID II AQMetrics Limited announces that it has received approval from the Central Bank of Ireland (CBI) to operate a MiFIDII Approved Reporting Mechanism (ARM), with effect from 3 January 2018. The authorisation permits AQMetrics to report MiFID firms’ transactions to National Competent Authorities (NCA) across Europe. With MiFID II coming into effect this week,...

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“New Regulations Will Have A Huge Effect On Financial Organisations’ Relationships With Regulators” – Fidor Bank
Jan03

“New Regulations Will Have A Huge Effect On Financial Organisations’ Relationships With Regulators” – Fidor Bank

Sophie Guibaud, VP of European Expansion at Fidor Bank said: “Mifid II is a key piece of European-wide legislation.” “This regulation, along with the incoming GDPR piece of legislation, means that financial organisations will be looking at immediate options to help them decrease their regulatory risk and costs, while also improving the customer experience this year.” “The new regulations will have a huge effect as financial...

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WHAT is MiFID II and How Will It Impact SMEs?
Jan03

WHAT is MiFID II and How Will It Impact SMEs?

MiFID II (Markets in Financial Instruments Directives II) is a law that comes into force today – and it’s going to radically transform the way assets are traded and how money is managed for investors. For those that don’t have the time to read the 7,000-page document, here’s a quick summary of the new law– and why it could – inadvertently – make it harder for small and medium businesses (SMEs) to grow. MiFID II is the EU ‘s...

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MiFID II Implementation – Comment from Matt Smith, CEO of SteelEye
Jan02

MiFID II Implementation – Comment from Matt Smith, CEO of SteelEye

Matt Smith, founder and CEO, SteelEye: “The implementation of MiFID II is a landmark day for the financial services industry, both in Europe and globally. Although the focus of MiFID II’s sweeping measures is on EU financial services firms, the far-reaching nature of many of its provisions mean that it will have an impact on firms worldwide that do business with European financial services entities and investors too. It marks the...

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Commcise Partners with RSRCHXchange to deliver End-to-End MIFID II Research Solution
Dec14

Commcise Partners with RSRCHXchange to deliver End-to-End MIFID II Research Solution

Collaboration will provide asset managers with new tools to ensure regulatory compliance and provide transparency for institutional research consumption Commcise and RSRCHXchange have announced a collaboration to deliver an industry-leading integrated research solution to support the research consumption, valuation and accounting data requirements of buy-side and sell-side firms. With the MiFID II implementation deadline only a few...

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Banks Lead Industry Preparations for MiFID II Reporting of OTC Derivatives Reference Data
Dec14

Banks Lead Industry Preparations for MiFID II Reporting of OTC Derivatives Reference Data

Contract Submissions Suggest Changing Profile of DSB User Base The Derivatives Service Bureau (DSB) reports today on progress in new contracts received for fee-based services. These include creation of new International Securities Identification Numbers (ISINs) for OTC derivatives and programmatic connections to the DSB which enable fully automated operations and real-time updates. As of 7 December, 77 entities have submitted...

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DataTracks MiFID II Reporting Solution
Dec07

DataTracks MiFID II Reporting Solution

DataTracks has been quick off its marks to offer assistance to filers testing transaction reports for MiFID II/MiFIR compliance. With the new filing mandate just a few weeks away, regulators are opening up portals to accept test submissions. DataTracks is currently helping its clients to do a test filing of their MiFID II/MiFIR compliance report with their home regulators across Europe, including the UK, Ireland, the...

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Over a Third of UK Financial Organisations Unprepared for MiFID II
Dec07

Over a Third of UK Financial Organisations Unprepared for MiFID II

With less than 30 days to go before the upcoming MiFID II legislation comes into force on 3 January 2018, latest research has found that a shocking 39% of UK financial organisations are unaware whether their organisation is compliant or not. A quarter confirmed that they are not yet compliant with recording technology and 29% are still going through the compliance process – despite the fact that companies can be fined up to...

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Five Rules to Cope With The Radical Changes MiFID II Imposes on Financial Communication Systems
Dec01

Five Rules to Cope With The Radical Changes MiFID II Imposes on Financial Communication Systems

An overhaul of the EU Markets in Financial Instruments Directive, commonly known as MiFID II, comes into force on 3 January 2018. The legislation requires all financial service providers that operate or deal in the EU to record telephone conversations and electronic communications that relate to the ‘reception, transmission and execution of orders, or dealing on own account’ – including on mobile phones, SMS messages and electronic...

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FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II
Nov15

FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II

Providing definitive guidelines to assist firms with unbundling prior to January 2018 FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today releases Recommended Practices for Commission Unbundling as required by MiFID II. MiFID II has introduced the requirement to explicitly separate commissions into their component parts (e.g. execution, research) with a focus on the...

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Fixed Income Leaders Summit Polling – 63% of Respondents not ready for MiFID II
Nov10

Fixed Income Leaders Summit Polling – 63% of Respondents not ready for MiFID II

Over 850 senior leaders in the fixed income industry gathered in Amsterdam on 8 and 9 November 2017 for the Fixed Income Leaders Summit Europe. Live polling during the event found that despite being less than two months away, 63 per cent of respondents are not ready for the January 3rd MiFID II deadline. In the Oxford Style Debate on day one of the Summit, speakers from Citadel Securities, Euro TLX, FICC Markets Standards Board,...

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Derivatives Service Bureau Reports Rise in Registrations
Nov09

Derivatives Service Bureau Reports Rise in Registrations

Swap market participants begin using the service in increasing numbers Since the Derivatives Service Bureau (“DSB”) entered production on 2 October, the DSB has witnessed a steady rise in registrations, with rising numbers of firms looking to be on-boarded in time for the start of MiFID II on 3 Jan 2018. Given the DSB’s status as a new OTC derivatives market infrastructure utility, the DSB is publishing this report to inform the...

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Liquidnet Study finds Dark Trading Adjusting ahead of MiFID II
Nov09

Liquidnet Study finds Dark Trading Adjusting ahead of MiFID II

Report finds buy side favouring large-in-scale venues over broker dark pools  Liquidnet published Shape Shifting: Accessing the Dark Post MiFID II research on how buy-side traders plan to trade in the dark once broker dark pools are no longer admissible. Today, 65% of respondents see buy-side crossing networks as their most effective venue for accessing the dark versus 20% who still prefer broker dark pools.  This is set for...

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Smarsh Named a Leader in 2017 Gartner Magic Quadrant For Enterprise Information Archiving
Nov02

Smarsh Named a Leader in 2017 Gartner Magic Quadrant For Enterprise Information Archiving

Electronic communications retention and oversight critical for Mifid II compliance Smarsh® today announced that analyst firm Gartner Smarsh a Leader in its 2017 Magic Quadrant for Enterprise Information Archiving for the third consecutive year. The report provides a detailed overview of the EIA market, and evaluates vendors based on completeness of vision and ability to execute. In this year’s Magic Quadrant, Smarsh is positioned...

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QuantHouse Announces QuantFEED and QuantLINK for Virtu Financial
Nov01

QuantHouse Announces QuantFEED and QuantLINK for Virtu Financial

QuantHouse today announced the availability of QuantFEED and QuantLINK to Virtu Financial’s disclosed Systematic Internaliser platform enabling clients to access Virtu’s liquidity under MiFID II’s transparent SI regime. Virtu Financial is one of the largest electronic market makers, providing liquidity to the global equity, ETF, Energy, and FX markets and is raising the bar on transparency by providing bilateral liquidity in European...

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Allfunds Outlines its Mifid ii Strategy Benefits
Oct30

Allfunds Outlines its Mifid ii Strategy Benefits

Allfunds Bank has outlined the MiFID II tools and solutions they have developed to help clients successfully deal with the new regulation. Building on their strong digital capabilities, Allfunds is now making available to clients an in-depth share class analysis tool, a fund catalogue for their suite of over 54,000 funds and ETFs, and valuable solutions to provide quality enhancement. The share class analysis tool along with the fund...

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Is UC Technology the One-stop Answer to MiFID II Communications Compliance?
Oct30

Is UC Technology the One-stop Answer to MiFID II Communications Compliance?

Is your business ready for MiFID II? It’s a question finance directors, IT specialists and senior business managers the country over will be asking themselves as the January 2018 deadline approaches. MiFID II is a change to the way we do business in the finance sector that will have huge implications, whether you’re working in a growing startup or a much larger established business. While the remit of the new regulations is far...

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Solvassure launches the First Integrated Compliance Platform for GDPR
Oct25

Solvassure launches the First Integrated Compliance Platform for GDPR

RegTech pioneer Solvassure has created a single compliance platform for GDPR and the Accountability Regime, as the race to meet next year’s implementation deadlines heats up. The new platform, populated by material licensed to Solvassure by the FCA, PRA and Information Commissioner’s Office, will enable up to 50,000 FCA regulated firms to be compliant with both GDPR and the Accountability Regime in a single cloud-based environment,...

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