MiFID

A place to discuss MiFID

Retired Member 

Momentum Ignition: Arson for Financial Markets

ESMA has defined momentum ignition as a case of prohibited market manipulation. ICE Canada considers this to be disruptive, and so does the CME Group. One UK government report stated that momentum ignition will “induce algorithms to compete with other algorithms, can push prices away from fundamental values.”* This leads us to the question – what...

13 September 2016 /regulation

Retired Member 

Does archiving increase risk?

MiFID II is putting archiving under the spotlight again as firms come to grips with being able to promptly recreate trades including all conversations, even if the transaction didn’t happen. Archiving today has matured past the demands of email storage as organisations embrace unified communication technology, social media and other messaging too...

07 September 2016 /regulation

Retired Member 

Demonstrating Compliance of Investor Protection

MiFID II has a number of amendments pertaining to investor protection. Firms must act honestly, fairly, and professionally in accordance with the best interests of its clients and put their customers’ interests at the centre of their corporate culture. Therefore, firms must: Understand their clients investing criteria in order to make suitable rec...

05 August 2016 /regulation

Retired Member 

MiFID II Check List - Is your data communications ready?

Regardless of the implications over Brexit, the spectre of MiFID II still remains. For some organisations, it will just require a strengthening of processes and procedures already in place to ensure communications data is compliant. But for others such as commodity traders who are now no longer exempt, it’s a much larger remit. The five points bel...

07 July 2016 /regulation

John Cant Managing Director at MPI Europe Ltd

Will MiFID II bring Evolution or Revolution to investment research?

There has been significant discussion, and indeed some confusion, around the impact of MiFID II on investment research. Some investment firms, including M&G recently, have made announcements that they will no longer charge the cost of broker’s research to the investor’s funds, but will pay them out of their own resources – a potentially revolu...

08 June 2016 /regulation

Retired Member 

MiFID II - Commodity Derivatives Amendments - What's in a Change?

Introduced with the objective of fair competition and consumer protection in investment services, the MiFID II is grabbing headlines ever since its inception way back in 2011 - as a response to the global financial crisis. While MIFID II and MIFIR, in its entirety may be a colossal regulatory initiative, an area of special interest could be that o...

01 June 2016 /regulation

Retired Member 

Why Real-Time Archiving of Conversations is Essential for MiFID II

The deadline for enforcement may not be written in stone, but the countdown for MiFID II is on. As part of the new regulations, enterprises need to ensure that all records relating to client orders are archived. The emphasis now is on content, not channel and that means all communications, not just email but social media too, needs to be captured....

15 March 2016 /regulation

Retired Member 

Don’t procrastinate with preservation

The deadline for MiFID II might be delayed, but financial organisations should be wary of putting off their plans to reinforce archiving of client communications. With every piece of litigation, the pressure on the preservation of communications data grows, but by tackling the issue and addressing some of the key areas now, firms will be in a bett...

22 February 2016 /regulation

Iosif Itkin CEO at Exactpro

The Next Generation of Testing Tools for Exchanges

The modern society expects quality and reliability from the modern exchange platforms. Thorough verification of exchange technology is not possible without adequate software testing tools. Understanding their evolution can help deliver rapidly evolving advanced exchange systems. Test automation tools allow simulating connected automated systems, r...

17 October 2015 /regulation

Iosif Itkin CEO at Exactpro

Innovation in Quality Assurance - What is the Impact on Trading Technology?

This post outlines some ideas on how particular changes in quality assurance might affect the trading technology. There are lots of discussions on Internet-of-Things, Cloud and Web. However, there are other things in software verification and they are a little bit closer to our area - exchange and brokerage platforms. These are some interesting Q...

10 October 2015 /regulation