Mostly… fixed income and cross product eTrading

January 24, 2007

MiFID tools

Filed under: Mifid — holky @ 8:21 pm

Even with the exact detail of the regulatory best execution burden for each kind of OTC market participant still being defined and agreed , there are a growing number of news items about systems claiming to offer assistance regarding meeting your new mifid-led requirements – for example the first to help you demonstrate you’ve fulfilled your best execution obligations, and the second to catch you when you have not, and now some Microsoft tools helping you with client classification, best execution, market connectivity, reporting and systematic internalisation.

SIA launch a software tool for verifying and assessing ‘best execution’ requirements in securities transactions, in line with forthcoming compliance requirements under the MiFID.   SIA says its ‘Execution Policy Monitoring for MiFID’ module, will be made available over the SIA-Eagle market abuse and exeuction surveillance platform .. where users will be able to automatically analyse all the transactions carried out across the European financial markets and provide a full audit for customer evidence. The system will also verify compliance with contractual terms agreed with buy-side clients ex-post, as to the implicit and explicit costs for achieving best price in consideration of market impact and opportunity costs – SIA site

FSA to build Mifid detection system – The Financial Services Authority, the UK markets watchdog, is to introduce a new system to ensure City firms are complying with the markets in financial instruments directive, the European trading rules that come into force in November – efinancialnews here

Microsoft launches MiFiD package  – here

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2 Comments »

  1. Good audio series covering state of industry thinking is http://www.mifidpodcast.com

    Comment by Dmitry Panov — February 23, 2007 @ 8:18 pm

  2. LSE unveils MiFID offering – http://www.finextra.com/fullstory.asp?id=17077

    Comment by holky — June 21, 2007 @ 2:41 pm


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