The MiFIDII Countdown: Systematic Internalizers and Kx Technology

24 Apr 2017 | , , , , ,

After a slow start, the pace of MiFID II impact assessments, particularly among Tier 1 banks, has increased and the market has generally arrived at the ‘implementation stage.’ Armed with impact assessments and business requirements, firms are now delving into the systems changes necessary, and the types of different datasets included. A ‘look under the bonnet’ has shocked many firms, which didn’t realize the level of IT changes and the new categories of data they will need to collect and analyze. As the ‘go-live’ date approaches, it’s time to convert that shock into action.

MIFID II Countdown: Best Execution and Kx Technology

21 Feb 2017 | , , , ,

The time for general discussion of MiFID II is now over for European banks, trading venues and asset managers with deployment mandated for less than a year away. Market participants have earmarked budgets, with tier one banks alone expecting to spend $40 million each to comply with the new rules, and the process of retooling and designing new infrastructure. In this article Kx's Mike Gorman looks at key implementation issues for best execution under MiFID II