Mifid II
Nex Optimisation launches regulatory reporting platform
Nex brings several services together into an integrated solution
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
Regulation doesn't get you to a better place than principles
Despite scepticism about the efficacy of the GCC, panellists say regulation is just as hard to interpret and can have unintended consequences
JP Morgan signs with BestX to offer third-party TCA
The bank's clients will be able to access BestX post-trade transaction cost analysis in real time at no extra cost
Broadway sees demand for software pick up
Regulation and the need for a business edge have sell-side firms looking increasingly to software to meet their needs
Compliance and risk aversion will dominate in 2017
The broker is building a set of next-generation solutions for customers less willing to tolerate risk amid cost pressures
PB concentration risk a concern as volatility picks up
Global head of Currenex says the lack of a dynamic FXPB space is a worry as non-bank liquidity providers need access
Taylor: the Global Code is a great place to start
Brigid Taylor, managing director of the ACI Financial Markets Association, looks at the regulatory challenges ahead in 2017
EC signals staggered entry for Mifid II trading obligation
Rules for derivatives may take effect after January 2018 to allow for US equivalence deal
Lack of regulatory clarity on key issues hampers preparation
Despite booming business, technology vendors find clients struggle to say what they need to comply with coming rules
Abide Financial partners Corvil
Clients will gain top-class precision in time-stamped transaction reporting and full compliance with Mifid II
BestX aims to become market standard for best execution
Plans to launch post-trade product on September 5 and pre-trade tool in January 2017
Non-bank LPs boosted by TCA developments, study finds
Financial consultancy Greenwich Associates sees counterparty diversification as a strong trend
Mifid delay downgrades workload from unrealistic to challenging
But the task facing firms working to comply with the regulation is still daunting
Asset managers need better handle on costs, processes
Panellists highlight the challenges they face in the pursuit of best execution
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Test algos or go to jail
Under Mifid II, participants need to certify their algorithms will not cause market disorder or face the consequences
Dealer-run platforms face hard choices under Mifid II
MTF, OTF or SI? Three options, but none that banks like
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption
2016 will be the year of the great liquidity unbundling
Regulation and the highly specialised nature of FX will lead to more partnerships, says Zar Amrolia, co-chief of XTX Markets
MiFid II delay gives market participants more preparation time
They should use the extra time wisely, says expert
Grand redesign
Non-bank market-makers are increasingly being viewed as serious players as they set about building customer franchises amid a wide-scale bank pull-back
Best Banks Awards: Thomson Reuters bags three wins
Thomson Reuters wins Best Broker for EM, Forwards and Best Market Data Provider for FX
Abide Financial applies to become trade repository
The transaction-reporting firm may become the third-largest repository by volume; it also launches an accelerated Mifid II/Mifir compliance programme from January 2017