Bank Collaboration Releases MiFID II Data Model
Project Sentinel completes first step
A collaborative initiative of four banks has released a normalized regulatory data model for investment firms to meet their over-the-counter sales and trading requirements under the Markets in Financial Instruments Directive (MiFID II).
Consultancy Etrading Software is managing the initiative, which is dubbed Project Sentinel and is aimed at mutualizing the cost of MiFID II implementation in the OTC front office. The four banks, which will be named soon, are regional European institutions.
Sassa
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