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A place to discuss MiFID
Not a lot of people know that Commonly attributed to Sir Michael Caine, what a lot of people don't know is that it was actually said by someone else. “Not a lot of people know that” With MiFiD II just...
Derivatives market participants have been rightfully concerned about the potentially adverse impact of MiFID II on global trading. However, the US and EU authorities have taken significant steps in re...
Hopefully for those of us in financial services MiFID II is now pretty much part of the furniture, and whilst it is causing turmoil and deep discomfort, the reality, is that it is here to stay and the...
Yesterday ESMA published the long outstanding reference data for equities and bonds. Captains of the industry might worry little about abbreviations such as LIS, SMS, ADT, AVT or ADNT. But the engine...
Back in the 1700’s Benjamin Franklin famously once said – ‘A place for everything and everything it’s place’, fast forward to 2017 and the increasingly regulated world that we live in today, this stat...
With a new head of trading and markets at the SEC, there is optimism that some of the complex market structure issues – such as make-taker incentives and sky-high market data costs — will be looked at...
An ESMA Q&A published this week provides some further guidance regarding the authorization of sub-delegated DEA providers, but it still leaves room for uncertainty. The Q&A draws a distinctio...
If Day 1 is January 3 then Day 2 is any time after that. Implementing systems day 2 may be prove to be a smarter way to invest in compliance and productivity. European market regulators will go-liv...
In its consultation for changing RTS 1, published yesterday, ESMA suggests that the tick size regime should also be extended to Systematic Internalisers. I don’t want to discuss whether it is a sensi...
So, MiFID I, you turn 10 today. Happy Birthday! That’s an excellent reason to pause and celebrate a little. When you first arrived markets were dominated by national stock exchanges with little or no ...
Investment managers and brokers both lose unless they resolve differences by the MiFID II deadline Repapering of terms under MiFID II is potentially a massive problem for the buy-side. This issue is ...
Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Take a buy-side that gives strict execution i...