Charles River clients subject to the European Union’s Markets in Financial Instruments Directive II (MiFID II) are now able to comply using the Charles River Investment Management Solution (Charles River IMS).
Charles River has worked with clients across Europe, North America and Asia to deploy the necessary capabilities in time for the regulation’s 3 January implementation date.
Charles River’s MiFID II solution captures key data and trade lifecycle decision points needed for buy side firms to comply with trade and transaction reporting, best execution and commission management requirements. Charles River has also partnered with several MiFID II Approved Publication Arrangements (APAs) and Approved Reporting Mechanisms (ARMs) including UnaVista, TRADEcho and Trax, to enable clients to publish trade and transaction reports from Charles River IMS to their National Competent Authorities (NCAs) for all required asset classes.
“Having been a client since 2004, we naturally looked to Charles River for our MiFID II solution,” says Andy Archer, CTO, BlueBay Asset Management. “Once we had completed our upgrade to the latest version of Charles River IMS, we were able to satisfy MiFID II.”
“The recent MiFID II deadline required buy side firms to examine every stage of the trading lifecycle for potential impact,” says Tom Driscoll (pictured), Global Managing Director, Charles River. “While MiFID II is an EU regulation, we have helped many customers globally who have found they are subject to aspects of the legislation as a result of their interaction with European clients, trading venues and securities.”
