Community
A place to discuss MiFID
As the owner, you will also give up ownership if you leave this group.
John Cant Managing Director at MPI Europe Ltd
So you survived MiFID Day, and indeed the first MiFID week; survived the incessant MiFID blogs and weeklong MiFID press coverage, History of MiFID, MiFID in numbers, and special features on MIFID from special MiFID personalities some of whom we had never heard of before. You have ticked the MiFID box at least once, in fact, probably at least once ...
07 November 2007
I think this direct quote from one of the template MiFID letters being sent by clients to their brokers is a slight understatement! With only a few hours to go before the MiFID gun fires, a massive paperchase is still underway in financial institutions around Europe and beyond. Scanned versions of consent forms with hand written updates are floodi...
31 October 2007
As I write this blog, teams across the UK are putting their final MiFID changes into systems ready for M-Day this week. Although MiFID is a Europe wide regulation - I say across the UK deliberately. Whilst the likely impact of MiFID has been compared to Big Bang, the implementation of it has essentially become phased - although not by design - due...
28 October 2007 /wholesale
Retired Member
Best execution is one of the most critical challenges in trade order management, as we all know. It involves a lot of steps including prioritisation of factors, analysis and selection of execution venues, linkage to execution venues, creation of best execution policy, execution of orders, periodic review of factors and venues. The challenge here i...
12 October 2007
Paul Penrose Head of Research at Finextra
The decision of the Boston Stock Exchange to shutter its new electronic equities trading venture BeX within nine months of its live launch in December last year is bad news for other up-and-coming competitors to established market venues. BeX was set up with the backing of five of Wall Street’s most powerful investment banks. It was designed to tak...
05 September 2007 /wholesale
Elton Cane Digital product delivery at News Corp Australia
I participated in a roundtable recently held by compliance vendor NetConsent. It was a fairly broad-ranging discussion about how digital certificate and e-signature solutions have evolved and been adopted (or not, as the case may be) by businesses and governments over the past 10 years. One interesting example that came up is the way the Swedish ...
07 August 2007 /wholesale
Following on from Chris Pickle's response to the recent TowerGroup study on regulation-driven market data volume growth, it was interesting to note Datamonitor's similar report being published this week. It refers to market data volumes doubling annually (which is something that is apparently happening already without MiFID and Reg NMS). And it say...
02 August 2007
The FSA have proposed this week that the cutover date for MiFID transaction reporting should move from 1st November to 5th November (i.e. to a more conventional Monday go live date) giving more time over the weekend to switch over and test the new processes and systems. This is, at face value, a practical move that is likely to make the switchover...
02 August 2007 /wholesale
In which activity are Romania, Ireland and the UK current leaders in Europe, and Italy and Spain are bottom of the league? If you have been following the financial press coverage, you will not doubt have quickly answered MiFID transposition (the copying of the MiFID directives into a states local law). Okay, not really an Olympic sport, although s...
02 July 2007 /wholesale
MiFID has already had a huge impact in Europe - particularly on the conference and event management scene. And as my fellow bloggers Chrisses Skinner and Pickles have been regularly pointing out here on the Finextra Communities, it is going to have a huge, though uncertain, impact on market practices in the global capital markets in the coming yea...
20 June 2007 /wholesale
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