Solutions
A new survey by JWG has found that 90 per cent of buy-side firms believe they are at either high or medium risk of not being MiFID II compliant by the January 2018 deadline, despite this date having already been delayed by a year.
Significantly, with just over six months to go, a large amount of the industry appears to be overstretched and under-prepared. It is imperative that firms fully understand the requirements of the regulation and take their MiFID II compliance seriously, or prepare for penalties come 140 working days from now.
Among those respondents to the survey,
TS (formerly TradingScreen), a specialist in electronic trading platforms, has integrated OTAS Analytics into TradeSmart, the company’s multi-asset OEMS platform.
TS clients will now have access to the latest real-time analytics and critical, actionable market intelligence from OTAS to fulfil their pre and post trade best execution requirements.
Operating in the cloud for nearly two decades, TS is a leading expert on SaaS trading technology. TradeSmart OEMS is the standard for workflow efficiency, offering seamless integration with the buy-side, connecting with markets globally and providing traders the access and information they need to optimise their trading performance. By integrating
Charles River Development has formalised a partnership agreement with the London Stock Exchange’s UnaVista to automate transaction reporting under the European Union’s Markets in Financial Directive II (MiFID II).
Under the partnership, the firms’ mutual clients are able to use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.
MiFID II includes a requirement that investment firms submit detailed transaction reports to their NCAs within one day of the transaction. All trades involving financial instruments admitted to trading or traded on an EU trading venue need to be
Liquidnet has now made its Algo Ranking Model technology available in Europe, building on a successful launch in the US.
Using innovative technology and a multi-factor model, the Algo Ranking Model profiles every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.
The model ranks Liquidnet’s suite of Next Gen Algos based on three key execution objectives: performance, fill rate, and an optimal combination of the two before presenting options to the trader. Once the trader has made a selection, the model quantifies the algorithm selection, creates an analytical foundation
McObject and GoldenSource have teamed up to deliver deliver what they say is the fastest available Enterprise Data Management (EDM) designed for regulatory compliance, using McObject’s database technology, eXtremeDB, in the GoldenSource Market Data Solution.
GoldenSource is an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry, while McObject is the developer of eXtremeDB, a database system for real-time and historical data analysis. The global launch today of McObject’s low latency eXtremeDB integration with GoldenSource Market Data Solution represents a leap in both performance and capability for the RegTech sector.
Waymark Tech, a provider of regulatory intelligence software, has launched a new AI-powered tool that automatically identifies regulatory crossovers and conflicts between incoming regulations, such as MiFID II, GDPR, and PRIIPS.
Accessible immediately from within Waymark’s Wayfinder product, the real-time tool identifies which regulations apply to a company and then finds common areas and conflicts across other regulatory packages. This allows compliance officers to streamline implementation procedures, reduce risk and lower costs dramatically.
For example, the tool can flag up that both MiFID II and PRIIPs will require fund managers to give retail investors and professional investment advisors suitable
The Depository Trust & Clearing Corporation (DTCC), a premier post-trade market infrastructure for the global financial services industry, is celebrating the 20th anniversary of its Insurance & Retirement Services (I&RS).
Prior to I&RS, insurance carriers and distributors were forced to manage time-consuming manual processes on their own, often maintaining proprietary lines for each of their trading partners. Today, the industry can entrust this work to I&RS and refocus on their business.
Launched in 1997, and offered by DTCC’s National Securities Clearing Corporation (NSCC) subsidiary, I&RS began with four members and the first fully centralised platform through which insurers could
Eze Castle Integration has launched the Eze Hybrid Cloud, a complete multi-cloud solution combining the Eze Private Cloud with Microsoft Cloud services to deliver a secure and flexible, fully managed environment.
The Eze Hybrid Cloud innovation was born of Eze Castle Integration’s years of private cloud experience, deep Microsoft partnership and award-winning service organisation. Eze Hybrid Cloud draws layers of security and resiliency from the Eze Private Cloud, applications from the Microsoft Cloud and 24x7x365 expert support from the Eze global service team.
“Eze Castle Integration recognises that clients across the financial sector have different risk profiles, application requirements
Mobile trading app Trade Interceptor has launched live FX trading. The apps’ global user base will benefit from full front-to-back functionality of the app, right from account creation, charting and analysis to placing trades and funding & withdrawals.
The live trading feature, which is powered by ThinkMarkets, a leading multi-asset broker dealer, offers users some of the best trading conditions in the market. ThinkMarkets, and now Trade Interceptor users, can benefit from ThinkMarkets global infrastructure, pricing and liquidity.
Trade Interceptor is a leading mobile app that offers FX and CFD traders one of the largest, in-depth and most sophisticated
Nomura Asset Management (NAM) and Nomura Research Institute have conducted a proof of concept (PoC) study to examine natural language processing utilising Artificial Intelligence (AI).
The objective of the PoC was to assess whether analysis with AI would contribute to increased accuracy of portfolio managers’ investment decision-making. Portfolio managers at asset management firms usually have to process and analyse a large amount of information which includes not only analyst reports, but also a flood of various news sources, industry blogs and social media, such as Twitter®, to make forecasts and determine the impact on stock prices.
NAM and NRI
