There are 6 months left to the due date, and there are many intervention issues for making your order management operations and systems compliant with MIFID II.
A short indicative list of questions to be answered:
How are order data and master data registered, maintained, managed, in order to meet record keeping and Post Trading Transparency, Transaction Reporting signaling requirements?
How is the entire life cycle of the order tracked, if the order was not submitted through electronic channels?
Have adequate alert and reporting systems for compliance management been set up?
Have the order new fields been identified and have the interfaces toward markets been updated?
How are suitability controls performed, and how are they tracked for registration and disclosure purposes?
Is your SOR dynamic? Does it systematically manage the best result, taking total costs into accounts? How is the efficiency of best execution monitored?
ATS can help you answer these and other questions, in two ways:
- With MIFDII complaint solutions: EXP platform [for more information]
- With expertise to share with your MIFID II project team