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Time-stamping Needs To Be Better Than Regulators Require, Providers Say

Although the requirement for time-stamping set by Europe’s MiFID II regulation and for the US Consolidated Audit Trail (CAT) is within 100 microseconds of the recognised standard UTC time, in...
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Ullink Expands MiFID II Solution Portfolio with Automated Trade Reporting

Ullink is developing a portfolio of Markets in Financial Instruments Directive II (MiFID II) products, the latest being an automated trade reporting solution designed to help firms comply with the...
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Firms Struggle To Grasp MiFID II Time-stamping Rules

MiFID II definitions for time-stamping and rules for record keeping to support tracking of trade orders — as defined in Article 25 of the directive’s regulatory technical standards (RTS 25) — ...
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CJC Moves On Outbound Market Data

Financial technology management solutions company CJC’s new IT Regulatory Services division is offering auditing and inventory of firms’ outbound data, concentrating on publication of market data...
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Bloomberg Tradebook’s OPTX Promises Solution For More Complex Markets

Global agency broker Bloomberg Tradebook has launched OPTX, an agency execution platform that uses quantitative data models and analytics to route orders. The launch is a response to what Glenn Lesko...
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MiFID II Transparency Demands Significant Modifications to Data Management

The data transparency obligations of Markets in Financial Instruments Direct II (MiFID II) are a drastic change from MiFID requirements and call on market participants to make significant...
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FIX Trading Community Offers MiFID II Compliance Help

FIX Trading Community, the non-profit industry standards organisation that promotes adoption of the Financial Information eXchange (FIX) protocol, has announced updates to the FIX protocol addressing...
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ESMA Raises Alarm About Systematic Internalisers

The European Securities and Markets Authority’s chair, Steven Maijoor, has raised an issue concerning the use of systematic internalisers (SIs) to circumvent MiFID II rules, writing to European...
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Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?

If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that...
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FCA Discusses Progress on MiFID II Policy and Practicalities of Implementation

Details on final requirements and the implementation of Markets in Financial Instruments Directive II (MiFID II) will continue to be published over coming months, leading the UK Financial Conduct...

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