FIX Trading Community Launches Regulatory Subgroups in Mifid II Response
Six new subgroups to address technical standards resulting from Mifid II regulatory change.
![EU flag EU flag](/sites/default/files/styles/landscape_750_463/public/import/IMG/505/249505/euflagbanner-580x358.jpg.webp?itok=PFYc_G_7)
The six new subgroups have been established to allow industry participants to "collaborate on the most critical issues in this time of regulatory change," according to FIX Trading Community, including addressing regulatory technical standards proposed by the European Securities and Markets Authority (ESMA).
The subgroups will each take on responsibility for clock synchronization, reference data, transparency, best execution, microstructure, and order data and record keeping.
"FIX Trading Community believes that the application of appropriate standards can help to reduce the cost of regulatory change," says Matthew Coupe, director at Barclays and co-chair, EMEA, regulatory subcommittee at FIX Trading Community. "With the addition of these new subgroups, the community will directly target specific Mifid/Mifir regulatory technical standards and provide tangible guidelines that we believe will assist both the regulators and market participants."
Earlier this week the European Commission confirmed that it had no plans to delay the implementation of Mifid II regulation, scheduled to come into force in January 2017.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.
This Week: ICE Bonds and MarketAxess plan to connect liquidity networks, TS Imagine, Bloomberg, and more
A summary of the latest financial technology news.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.