The European Securities and Markets Authority (ESMA) has published today its final technical advice (TA) and launches a consultation on its draft regulatory technical and implementing standards (RTS/ ITS) regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The Investment Industry Regulatory Organization of Canada (IIROC) today published academic papers from three of the four academic teams chosen to assess the impact of high frequency trading (HFT) and related activity on Canadian equity markets, as part of the final phase of IIROC’s comprehensive HFT Study.
PARIS, BOSTON, HONG KONG, LONDON - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it had been named ‘Best Fund Accounting Technology Platform’ in Global Custodian’s Awards for Excellence North America 2014.
The FIX Trading Community held their London Regional Meeting at the BT Centre on December 2nd, with over 100 members from the buy- and sell-side, as well as vendor communities, to discuss latest thoughts on the MiFID II consultation process and the impact of regulation.
Risk data is an area that has been largely overlooked for many years. Today the situation is different and the area is facing increasing regulatory scrutiny, as Systemically Important Financial Institutions (SIFIs) rush to comply with the Basel 239 Principles for Effective Risk Data Aggregation and Risk Reporting. An enterprise’s success depends on its ability to analyze risk data efficiently and effectively, in ways that uncover both risks and opportunities. Being able to extract and escalate critical risk information is nearly impossible without a robust risk management framework supported by a strong technology infrastructure.
Ian Domowitz, Managing Director of ITG and CEO of ITG Solutions Network, talks to ATMonitor about transparency in terms of institutional trading and how Best Execution can be achieved across different asset classes.
Launch of The TRADE's inaugural Broker Services Survey - we are asking our buy-side readers to help us by completing a short questionnaire to summarize their broker relationships; which brokers they use and what those brokers are good at. Because we know that many traders use a large number of brokers for different reasons we are deliberately restricting the evaluations to six core criteria and allowing respondents to offer responses at a global, regional or market level as they define their relationship. The result is intended to be more than a simple nomination (who do you use) but far from a detailed assessment of capabilities, which we consider would be unmanageable for many traders. Please click here to participate.read more
On July 3, 2013, the courts pronounced caveat emptor with respect to execution performance in the FX market. U.S. District Judge Denise Cote threw out a lawsuit, which accused JPMorgan Chase & Co. of breaching a fiduciary duty to custodial clients by charging “hidden and excessive mark-ups” on currency trades. Judge Lewis Kaplan dismissed a lawsuit directed at officials of Bank of New York Mellon, for ignoring “red flags” or knowing that trades were being processed at the worst or near-worst prices of the day.read more