Reuters launches two Mifid best execution products in time for Thursday’s deadline
LONDON – Reuters has launched two new products to demonstrate to firms their best execution policy before the Markets in Financial Instruments Directive (Mifid) implementation deadline this Thursday.
As M-Day approaches, the Transaction Cost Analysis Service allows firms to send their transaction data ad hoc or at irregular intervals, and receive feedback on the service provided to customers.
The second product, called DataScope Tick History On Demand, gives firms over-the-counter and exchange data to facilitate pre-trade and post-trade calculations, execution venue selection and best execution checks.
The system draws on international asset information over a five-year market history, including pricing data on sales, exchange qualification information and all other field-level information required by the new EU directive.
Emmanuel Doe, New York-based global business manager at Reuters Enterprise Information, says: “Reuters Tick History On Demand provides our clients with a solution that enables the quick and efficient verification of best execution compliance as required under Mifid.”
More on Infrastructure
US regulatory concerns about liquidity of government securities collateral could be resolved by access to the Fed’s discount window, CCP officials say
High-frequency traders have been viewed with suspicion for some time. Now critics claim exchanges are conspiring with the traders to develop tools that benefit them and disadvantage ordinary investo...
The benefits of local trade repositories outweigh the possible disadvantages of multiple reporting requirements, says executive director of HKMA’s financial infrastructure unit
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.