Unlocking the opportunities in MiFID II
MIFID II has defined a whole lot range of restrictions from speculation of a trade, closing a trade, or the acquisition and disposal of an asset, even without any change of beneficial ownership, all should be reported under MiFID II. The MiFID II Challenge is forcing the financial firms to rethink their operating models and technology platforms. Partnering with the right vendor can alleviate many of the challenges that lie ahead.
Regulatory reporting is one of the biggest MiFID-related challenge that needs a serious addressing in the market. Massive data are to be sourced, processed and reconciled from different internal and external databases. For instance, a Technological solution should enable & integrate the required 65 transaction reporting fields from different Order Management System (OMS) / Execution Management System (EMS), legal entity, H.R. and reference databases, along with the executing counterparty or trading venue, while ensuring data security at every phase. Additionally, technology vendors certify connectivity to new and existing ARMs, and help clients for submitting initial and amended transaction reports. To read more, download the eBook.