ESMA eases MiFID II best execution reporting requirements
ESMA tells national authorities not to prioritise supervisory action for RTS 27 and RTS 28 reporting under MiFID II amid ongoing coronavirus pandemic.
Tag: Best Execution
Trade associations outline key priorities for MiFID II review
The MiFID II SI regime, best execution reporting, market data costs and the share trading obligation were among the areas the EFSA has urged authorities to prioritise.
Europe
Industry warned as regulators fail to provide feedback on MiFID II transaction reporting
Firms are at risk of fines for MiFID II transaction reporting failures, as almost 70% state they have received no feedback at all from regulators on submissions.
Outsourcing crucial as industry shifts from best execution to smart execution
Market participants agree that trust is a key aspect for firms looking to work with technology providers on their execution processes.
BNP Paribas selects Itarle Group for independent buy-side TCA
BNP Paribas buy-side clients to receive independent transaction-cost analysis through Itarle Vision platform.
Regulation
More than half of firms are not producing MiFID II RTS 27 best ex reports
Research from Cappitech revealed that many firms are not producing RTS 27 reports, and 60% have no intentions to use the reports on execution quality internally.
Investment Association takes aim at fixed income transparency in a MiFID II world
The trade body recently published a paper on best execution 10 months on following the introduction of MiFID II in January 2018.
QuantHouse adds Quantitative Brokers best ex algos to API initiative
Quantitative Brokers’ best execution algorithms for US cash treasury markets and global futures will be available via QuantHouse’s API ecosystem.
TORA introduces AI-power algo wheel for best execution
TORA has launched an artificial intelligence-powered algo wheel enabling buy-siders to assess, monitor and justify algorithm and broker choices to regulators.
FCA targets MiFID II compliance in latest business plan
MiFID II compliance with best execution, unbundling and payment for order flow are among the rules the FCA will be looking at this year.