MiFID

A place to discuss MiFID

Retired Member 

Will Cost Disclosure Be The 'Halloween' of MiFID II ?

Just when wealth managers thought that they could draw a sigh of relief, knowing that their MiFID II obligations were, if not a thing of the past, at least a part of business, as usual, a sense of foreboding is once again creeping into the collective consciousness of wealth management firms. The European Union’s consumer protection regulation has

30 October 2018 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

MiFID II Reaches Across the Pond: Is This the Calm Before the Storm?

Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard. While MiFID II went into force on Jan. 3, 2018, US money managers of all types and sizes anticipate that MiFID II will influence their businesses, not...

17 September 2018 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

MiFID II Post-Mortem Cites Delays on LEIs and Data Quality as Key Challenge

With the rollout of such a massive regulation as MiFID II, there are bound to be some hiccups, but so far firms are mainly wrestling with trade reporting and data quality issues. That sentiment was expressed on a webinar hosted by A-Team Group, MiFID II Trading Technology Requirements: What Worked and What Hasn’t?, in which panelists aired their...

16 April 2018 /regulation

Retired Member 

Non-EU firms and GDPR - Time to face up to compliance

The deadline for meeting the General Data Protection Regulation (GDPR) is on its way. But many non-EU investment management firms may not realize the extent to which they will be affected by this extensive new regulation quickly enough to meet the 25 May implementation date. All firms will need to comply with the new EU rules – no matter where t...

22 March 2018 /security /regulation

Retired Member 

Is the DVC a ban in disguise?

If you had asked me last year what the actual impact of the double volume cap (DVC) would be, I would have said that it’s ridiculously complex to operate but wouldn’t matter all that much because it would likely only impact a few stocks. Seems I was wrong, judging by yesterday’s announcement from ESMA. Combining the statistics for January and Febr...

08 March 2018 /regulation

Ben Marsh CEO at iMeta Technologies

Financial Regulation: Ten Years of Toil and a Month of MiFID II

In the past decade an unequalled amount of regulatory reform has taken place internationally across the financial services industry; a journey that has not been for the faint-hearted or those lacking in stamina and endurance! All of us involved in this marketplace; clients, institutions and service providers; know intimately that these reforms hav...

23 February 2018 /regulation /wholesale

Retired Member 

Instant trade reconstruction is a challenge!

In regulated environments it’s imperative to invest now to future proof your business – the requirement for transaction reconstruction is not trivial and we suggest a systematic & proactive approach is superior to an ‘as and when’ attitude. Currently, trade reconstruction is a lot like Humpty Dumpty when he fell off the wall. Despite best inte

16 February 2018 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

Seeking Clarity on MiFID II Inducement Trading Rules

With MIFID II’s rules on inducements now a reality, buy-side firms are paying close attention to the costs associated with their front-office trading platforms and analytics. The EU regulation, which took effect on Jan. 3, could draw scrutiny to execution services and tools that are sponsored by brokers, such as order management and execution manag...

15 January 2018 /regulation

Retired Member 

Not a lot of people know that

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 around the corner, inexplicably the phrase, ‘Not a lot of people know that’ came to mind. Commonly attributed to Sir Michael Caine, what a lot of peo...

21 December 2017 /regulation

Retired Member 

Pieces coming together

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 recent weeks to mitigate some of those concerns. The CFTC has issued an interpretative letter regarding the unbundling of research, something that is m...

20 December 2017 /regulation /wholesale