The Financial Conduct Authority (FCA) not only issued its “near final” rules on MiFID II, but also encouraged financial service firms to step up their efforts in order to avoid being left out in the cold in the U.K. market. This means applying now for authorization or variations of current permissions they may require. According… Read More >>
MiFID II Shakes Sell-Side Research to its Core
There may still be several months before the Markets in Financial Instruments Directive (MiFID) II reforms come into effect next year, but the requirement to unbundle research from execution has been causing reverberations for some time. The bulge bracket firms have started to whittle down their investment research ranks while asset managers are strengthening their… Read More >>
Eze Software Group to Use OTAS Analytics
Investment technology vendor Eze Software Group will be integrating real-time data analytics and market intelligence from OTAS Technologies into the Eze execution process to provide buy-side traders with more useful information when they are formulating a trading decision. The addition of the OTAS offerings helps traders perform “exceptional activity analysis” based upon artificial intelligence and… Read More >>
Indata’s iPM Epic Update Targets MiFID
iPM Epic Uses Big Data Technology Indata, a software, technology and services vendor targeting buy-side firms, has released an update of its iPM Epic software suite that offers “significant functionality enhancements” for the implementation of the Markets in Financial Instruments Directive (MiFID) II. More than 350 changes were made to the iPM Epic software suite… Read More >>
CloudMargin & SmartDX Tackle the Variation Margin Rule
Variation Margin Rule Takes Effect March 1 CloudMargin, at web-based collateral and margin management solution, and SmartDX, which provide trade and relationship document generation, collaboration and processing announced that they have partnered to address the daily variation margin (VM) rule that goes into effect March 1 in the European Union, United Kingdom, United States and… Read More >>
BNP Paribas Subsidiary & Calypso Develop Post-Trade Suite
BNP Paribas Securities Services has partnered with Calypso Technology to provide global, sell-side institutions with a post-trade processing solution that encompasses clearing, custody, and middle- and back-office services. The BNP group is a multi-asset servicing specialist that is a wholly owned subsidiary of the BNP Paribas Group. The subsidiary’s multi-asset class operating model, which covers… Read More >>
ESMA Urges Action on MiFID II Data Reporting
The European Securities and Markets Authority (ESMA) has issued a briefing note on the transaction reporting requirements for the Markets in Financial Instruments Directive (MiFID II), which sets out a detailed timetable of the deadlines. The Briefing Paper refers to the technical requirements and templates for data reporting, which ESMA published in October 2016. The… Read More >>
ANNA Mulls Fee Structures for Derivatives Service Bureau
The Association of National Numbering Agencies (ANNA), the umbrella organization for national numbering agencies, has launched a fee model consultation for its Derivatives Service Bureau (DSB), which operates on a cost recovery structure. ANNA officials describe the DSB as an “automated generator” of International Securities Identification Numbers (ISINs) for over-the-counter (OTC) derivatives, slated to go… Read More >>
MiFID II Unbundling May Hit Brokers Globally: Survey
When MiFID II, the updated Markets in Financial Instruments Directive, comes into effect in less than a year, on January 3, 2018, it will require asset managers who do business in the European Union to unbundle — that is, to separate — their trading commissions from charges for investment research. “While the majority of asset… Read More >>
Special Report: Coping With the Challenges of Regulatory Reporting
In this special report, FTF News delves into the many challenges that global financial services firms face when they have to meet the multiple, complex and sometimes overwhelming requirements of regulators overseeing major financial markets. As financial reform has taken root since the global financial crisis, regulatory reporting to multiple authorities across many geographies has… Read More >>
