Hetherington said GFH has a high volume of data and requires a robust solution. It was also important that team members can easily modify existing surveillance rules, while also having the ability to create and test their own rules. She noted that Eventus offered flexibility in the option to customize the platform, but also competitive…
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The European Securities and Markets Authority (ESMA) updated last week the double volume cap (DVC) register on its website under the Markets in Financial Instruments Directive (MiFID II). The DVC report includes the DVC data for 2019 and updates on already published periods. The agency reports 66 new DVC breaches – 55 equities for the…
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MiFID II has had a significant impact on the operations and profits of brokers. The plethora of new obligations and ongoing changes to the regulatory landscape has made it more difficult for financial institutions, let alone brokers, to meet their requirements. For many firms, this has resulted in a patchwork of regulatory solutions and systems…
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The EU securities markets’ regulator ESMA has just informed the public that it has started to make available new data for bonds available for trading on EU trading venues. The following announcement has been made for bonds, subject to the pre-trade and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation…
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This article was written by Shobin Mathew Simon, Institutional Sales Associate at Advanced Markets Group. The European Securities and Markets Authority (ESMA) has implemented a range of measures intended to protect retail clients who are trading leveraged products, such as CFDs. The product intervention measures mandated by ESMA, under Article 40 of the Markets in…
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Refinitiv, formerly the Financial and Risk business of Thomson Reuters (NYSE:TRI), has announced that it has launched an aggregate bond service to help clients access fixed income trade data that is available as a result of MiFID II in a single, simple aggregated data feed. The trade data from approved publication arrangements (APAs) and multilateral trading…
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Technology provider PrimeXM has just announced that it has established a new presence in London’s Equinix LD6 data centre, to accommodate growing demand. LD6 is physically positioned across from LD4 and the two data centers are interconnected by multiple path redundant dark fiber connections ensuring stable and reliable connectivity. PrimeXM CEO Cristian Vlasceanu said: We have…
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TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS), has announced today that it has expanded its support for MiFID II transaction and trade reporting by integrating its trading system with NEX Regulatory Reporting. In a bid to improve transparency, MiFID II requires asset managers to submit transaction reports, including…
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Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader and recent addition to the S&P 500 Index, has just announced that it has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation. This latest solution is part of a suite of…
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To increase the effectiveness of the equity market microstructure Moscow Exchange (MOEX) has announced that it has aligned its tick size regime with MiFID II. MOEX will apply the new tick size regime and Decimals parameter from 1 August 2018 in the following trading modes: Main trading mode Т+ ("Т+2" order book) Odd lots trading…
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