Articles

Born Technology’s MiFID II platforms lead the way in seismic trading industry shift

Is the dark side of the moon coming on January 3?  A recent Bloomberg article compares MiFID II deadlines to a seismic industry shift. Soon after the new year, a sweeping set of financial regulations will affect everything from trade surveillance and investment research, to the booking of transactions. This will impact thousand of brokers, traders and money managers based in the EU, the United States and throughout the world… and time is scarce to achieve compliance! While MiFID II [...]

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Holidays ruined due to MiFID II requirements

A Bloomberg article pointed out that MiFID II compliance may ruin the holidays of employees trying to meet regulatory deadlines. The overhaul of financial-services rules in the European Union, that comes into effect in January, is resulting in late nights for workers and consultants as firms rush to be ready. While the Financial Conduct Authority warned earlier this year that some companies have not yet managed to meet compliance deadlines, there is still confusion surrounding legislation, as EU regulators themselves [...]

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CrossCheck Adds Transaction Reporting Due to Client Demand

In response to industry demand for a turnkey MiFID II reporting solution, Born Technology’s CrossCheck™ now delivers Transaction Reports to EU Regulators. Retrieving trade flow across exchanges and execution platforms, CrossCheck enriches data in accordance with RTS 22. CrossCheck validates and securely transmits reports for delivery to FCA, BaFin and more. Firms are able to verify, amend, and export Transaction Reports directly within the CrossCheck interface. Integrating Transaction Reporting with DEA Management and Algo Monitoring, CrossCheck serves as a unified risk [...]

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