MiFID II creates cross-asset revolution across buy & sell side
By the time I entered capital markets more than a decade ago, FIX had already become mundane, boring. FIX is essential, but so are eating vegetables, drinking water and exercise. None of those are things I really want to do, and they certainly aren’t worth blogging about.
But for the first time in my career, I’m actually excited to talk about FIX. By leveraging the hybrid architecture of TT®, we are putting a modern twist on the boring service of FIX, which we are...
From 3 January 2018, European capital markets will be reshaped by the new Markets in Financial Instruments Directive (MiFID II). This directive, and its sister regulation MiFIR, will significantly expand upon the existing harmonised regulatory framework for equity market trading, established in 2007 under MiFID.
Glenn Poulter, director at strategy consulting firm Stratevolve, sets the scene. “If you think about what the...
Fund managers overseeing around £5.7 trillion are putting their weight behind efforts to make it easier for investors to understand trading costs. For the full article, please click here.
The evolution of RegTech has brought a wave of new providers and systems to market to help financial institutions deal with the wide-ranging new regulations they face, such as MiFID II. In this article, Mike O’Hara and Joel Clark of The Realization Group hear from Mark Tantam of Deloitte, Adrian Shedden of Burges Salmon, Geraldine Gibson of AQMetrics, Furio Pietribiasi of...
“When a thing has been said and said well, have no scruple. Take it and copy it” – Anatole France, French novelist (1844-1924).
Someone that I have worked with for only a short time but has been actively involved in the industry for many years made a comment about us as an organisation recently. “FIX Trading Community is not an industry trade association, nor a lobbying body for its members. What FIX does do is...
Although the 2016 Nordics Briefing changed its usual venue and time of year, attendance was at a record for the day. The sessions provided thought-provoking comments and analysis with regulation very much at the heart of the discussions. For the full article, please click here.
When the FPL Trust assumed control of the MMT (Market Model Typology) project, it assured the openness of the standard, but it also brought it into the well-oiled mechanism of FIX Trading Community’s technical committees. For the full article, please click here.
Back in 2005, a well-known football club chairperson went on the pitch at half-time to rouse the home crowd to get behind their losing team. She uttered the phrase “Let’s be ’aving you!” which didn’t seem to resonate with the fans too well.
A game of football is probably not the best analogy for MiFID II deadlines, but if it were, we would certainly be in the second half of the match, and there is an awful lot to play for. The chairperson’s...
The UK Financial Conduct Authority said new technologies may improve the transparency of the allocation process for initial public allocations, improve the efficiency of the bookbuilding process and provide access to retail investors. For the full article, please click here.