The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. Welcome to a financial world, full of mysterious acronyms. LEI, CASS, ECP, EMIR, MiFIR, MTF, OTF… This industry just loves acronyms and MiFID II just gave us a whole lot of new ones to work with. One that…
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Thomson Reuters Corp (NYSE:TRI) just announced completed enhancements to its FXall and FX Trading desktops to ensure clients trading on Thomson Reuters Multilateral Trading Facility (MTF) remain fully compliant with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018. The enhancements enable Thomson Reuters to add MTF-support for…
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Thomson Reuters (NYSE:TRI) announced that has enhanced its tick history data service, Tick History 2.0, to provide the financial industry with a powerful tool for developing algorithmic and systematic trading strategies and assist in meeting MiFID II requirements in 2018. The solution assists institutions in complying with MiFID II, by incorporating additional reference data fields…
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The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. MiFID II, the “Markets in Financial Instruments Directive”, is legislation that is set to be implemented across the European Union on January 3rd, 2018. As this due date approaches, many market participants are scrambling to implement changes to…
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Bats Europe, a CBOE Holdings, Inc. (NASDAQ:CBOE) company and the region’s largest equities exchange operator, today announced the successful rollout of its penultimate software release ahead of MiFID II. All of the major real-time exchange functionality needed for MiFID II compliance was incorporated into this latest software release, which was seamlessly deployed on Friday, 14th…
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The following article was written by Anya Aratovskaya, VP of Institutional Sales at Advanced Markets and Fortex, Inc. While some industry sources are arguing whether or not MiFID II will dramatically affect the FX industry, most FSA and CySEC licensed FX brokers are rapidly adjusting policies in order to comply with the new requirements. One…
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The European Securities and Markets Authority (ESMA) announced that has added 2 new Q&A to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&A cover the topics of recording of telephone conversations and electronic communications, and…
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Five of world's leading financial institutions have committed to using Droit Financial Technologies as their choice for MiFID II trade compliance. The decision by BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS represents a watershed in the industry search for a strategic solution in the run-up to the implementation of the new European…
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The European Securities and Markets Authority (ESMA) has issued an opinion with interim transparency calculations for non-equity instruments in relation to the implementation of the Markets in Financial Instruments Directive/Markets in Financial Instruments Regulation (MiFID II). These calculations specify the transparency regime applicable to trading in secondary markets from 3 January 2018, when MiFID II…
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The European Securities and Markets Authority (ESMA) shared that has sent a letter to the European Parliament, Commission and Council updating them on the implementation of ESMA’s IT projects regarding the Markets in Financial Instruments Directive (MiFID II). ESMA will deliver a specific IT infrastructure for the implementation of MiFID II on 3 January 2018.…
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