MiFID II reaches far beyond the EU in today’s interconnected world. New regulation asks the core question, what exactly do investors pay for?
Sweeping changes have been introduced to the way research is valued and consumed. Because costs for research services and trade execution must be separated—unbundled.
Charge for research
Everything must have an explicit price.
Ensure effective evaluation by clients
All services and interactions must be recorded and regularly reconciled.
All deal allocations must have supporting evidence.
Have clear transaction reporting
In-depth reporting on transactions must be adopted.
Adopt transparent market sounding measures
Processes must be standardized for over-the-wall disclosure, to provide a clear audit trail.
Justify all research consumed
Unbundling requires evidence the firm is not being induced to trade.
Reconcile all interactions
Research budgets must be managed by reviewing all activities delivered by all brokers.
Value all interactions
Brokers must be evaluated based on systematic evidence.
Adopt transparent measures
Processes must be standardized to provide a clear audit trail.
What is the role of technology?
Technology is fast evolving to connect banks and investors like never before.
New developments help firms to address MiFID II requirements through:
A complete and electronic audit trail helps you see all services delivered and consumed.
Standardization of all activities lets you review quickly and accurately.
A new research and evaluation process that is tightly linked to reconciled activities lets you make true comparisons.
Automated entries for IOIs in primary markets help you to reduce risk and stay up-to-date.
Automated reporting to justify actions and comply with regulation.
See what people are saying about the latest advancements in technology:
Why is the Dealogic solution unique?
Dealogic is the only platform that provides a seamless two-way connection between banks and investors in a MiFID world.
Dealogic Connect allows banks and investors to share, evaluate, and reconcile resources easily and electronically—and ensures that both sides know the value of what they create and consume. Our solutions are market-driven, and we have worked closely with regulatory and industry bodies including the Financial Conduct Authority (FCA) and the FIX Trading Community
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.