Navigating the Maze of MiFID II

When: September 18, 2017
Where: NYC

Global market participants are racing to meet the 2018 deadline for MiFID II. Beyond Europe, the market reforms are hitting home for U.S. financial markets, vendors and financial services firms, which are overhauling operations and IT infrastructures. To help market participants get up to speed on these fast-approaching rules and regulations, FTF is presenting the “Navigating the Maze of MiFID II” conference. The event will focus on the major impacts of MiFID II upon pre-trade data gathering, investor protections, post-trade reporting, settlement and best execution, among other areas. At the conference, you can immerse yourself into the sweeping changes that will transform global securities trading.

Gaurav Chandra, Product Director, AxiomSL will be moderating a panel titled Daunting Data and Reporting Challenges. Despite an effort that began in 2014, MiFID II and MiFIR are still news to many non-European financial services firms. They are becoming aware of the daunting data collection, normalization and reconciliation challenges tied to a new transaction reporting regime. In fact, the 23 data fields under MiFID I related to transaction reporting have soared to 65 data fields under MiFID II. The burden is made worse as the new, complicated reporting requirements cover almost all financial instruments. The time-frame for the turnaround is also tight: reports have to be sent by the end of the business day after the transaction day or T+1.

This panel will explore:

  • How to strategize across the enterprise on cohesive data management to meet the reporting demands
  • How to strike the right balance between internal and outsourced systems
  • How to get executive buy-in to make necessary operations changes
  • How to avoid the creation of manual systems/workarounds among end-users

To learn more about AxiomSL’s MiFID II solution click here.