"A practical guide to MiFID II data reconciliation"

By: ICONECT Development, LLC

Unsure about what the top considerations for your next document review platform RFP should be?    In 2016, any software worth its salt in document review must not only have the new Request for Proposal (RFP) features, it must reach beyond the status quo to deliver workflow productivity tools. To make the RFP process more dynamic and relevant to your organization’s needs, present applicants with sample scenarios and actual test data, as well as an overview of your existing workflow.   This white paper “Reinventing the Request for proposal process,” focuses on the following: How to implement a web based document review platform successfully? Total Cost of Ownership: Is the Request for Proposal (RFP) telling you everything? How to enhance the document review process and maximize productivity? What are the major litigation challenges in managing document review platform RFP? Let your Request for Proposal serve as the first step in advancing your culture for excellence with a document review platform that meets the needs of both today and tomorrow.

By: Duco

One of the main criticisms of the original MiFID was that national regulators did not enforce the directive with the same zeal across Europe. The list of financial instruments covered has been extended to almost all instruments traded in European markets – with particular emphasis on the OTC derivatives market that was previously out of scope for MiFID I. The issue with making this distinction across so many different instruments is one of the main reasons why the MiFID II and MiFIR implementation date has been delayed twice from its original start date of January 2015. While regulators have not specifically outlawed the use of spreadsheets and UDAs, it is commonly accepted that under MiFID II, organizations need a much more robust and scalable approach to data control. What are the data problems that MiFIR transaction reporting requirements are likely to cause? What is the impact of the new regulations on firms? What is the cost of non-compliance? Move ahead and read the following whitepaper that will address all your questions, including these: How to identify traders or algorithms involved in the decision and execution process of a transaction? Which general fields will require extra reconciliation steps? What are the number of data fields required on transaction reports and the reporting requirements? How to trade instruments on an approved venue? Which legacy systems can be replaced and which ones are difficult to scale?