Management and technology consultancy BearingPoint has enhanced its ABACUS/Transactions product, a module-based standard software solution for transaction reporting, by incorporating an MiFIR module to facilitate compliance with the regulatory reporting requirements under MiFID II/MiFIR. The revised Markets in Financial Instruments
TORA, a provider of cloud-based order and execution management system (OEMS), has launched the TORA Ticketing solution, which provides advanced pre- and post-trade allocation, trade reconciliation, commission management and investment book of records (IBOR) functionality. The new solution is available
Investment managers running UCITS funds or Alternative Investment Funds (AIFs) will not fall directly under MiFID II or have any legal obligation to comply with regulation or require a MiFID license. However, from a product governance perspective, they will be
Anyone who has bought or sold a home knows that, prior to closing, an inspector usually verifies the property's condition. The buyer doesn't simply accept the seller's representation that the home is sturdy and unlikely to collapse. An inspection lays
On forecasting the likely actions of Russia during the Second World War, UK Prime Minister, Sir Winston Churchill, spoke of it as a ‘riddle wrapped in a mystery inside an enigma'. Alternative asset managers might be forgiven for thinking the same about
At the last count, there were approximately 1,384 pieces of information to look through under MiFID II. For Chief Compliance Officers, that is an awful lot of work to get on top of, which is why implementing a compliance roadmap
GreenKey Technologies, creator of an artificial intelligence (AI) and voice-driven collaboration tool for financial market participants, has secured a patent from the US Patent and Trademark Office for its system for human speech-to-text and subsequent interpretation of spoken financial trades
The Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide, now connects three out of the five leading brokers in US electronic equity trading. Colt PrizmNet provides connectivity to all major
RIXML.org has created an Interactions Working Group that brings buy-side, sell-side and vendor firms together to create an open standard for capturing the inter-firm interactions required under the second Markets in Financial Instruments Directive (MiFID II). This new open standard
State Street Corporation has agreed to participate in a pilot programme to test DTCC-Euroclear GlobalCollateral’s Margin Settlement Messaging Service. Powered by Margin Transit Utility (MTU) technology, GlobalCollateral’s Margin Settlement Messaging Service has been developed to provide straight-through-processing for the settlement
