FOW taps Born Technology for MiFID II RTS 6 InsightJessica Darmoni
Many firms that may not think they are involved in algorithmic trading or engage in direct electronic access (DEA) have gotten caught up in the scope of MiFID II’s real-time surveillance rules. The unexpectedly broad definition of what constitutes algorithmic trading and DEA, under regulatory technical standards (RTS 6), encompasses the activities of customers as well as the firm itself. Coupled with the difficulties of monitoring in real-time, firms are left at risk of non-compliance at a time when the UK’s Financial Conduct Authority has said it will step up it’s supervision of algorithmic trading. To learn more, FOW spoke with our CEO Derek Haworth about who and what is impacted as well as solutions to stay MiFID II compliant. We invite you to read the FOW article here and please let us know if you have any questions.