Tackling the Challenges of MiFID II Webinar Series
Linedata’s market leading asset management platform delivers multi-asset capabilities to access and analyze numerous data and investment lifecycle decision points for best execution, critical trade and transaction reporting, fully audited orders and transparency requirements under the revised Markets in Financial Instruments Directive, widely known as MiFID II. Linedata’s approach is comprehensive, while offering flexibility around trade processes, reporting and execution analysis decisions that will allow clients to agilely support and adapt to ongoing changes in the regulatory environment.
In its recent statements, the UK’s Financial Conduct Authority (FCA), responsible for MiFID II oversight, has emphasized buy side managers’ need to track commissions paid to brokers for research separate from execution. In collaboration with Longview OMS clients, Linedata has developed a tool set for tracking and reporting unbundled commissions, providing greater transparency into the commission management process.
At the heart of the investment process, best execution is a core component of MiFID II. Once the provenance of the broker, buy-side managers can no longer rely solely on a counterparty for confirmation that best execution has taken place. It is important to developing a repeatable best execution process that all asset types be considered separately. Linedata’s multi-asset solution supports all OTC asset classes and provides tools that help you access, monitor and analyze your own and third party data more effectively.
Transaction Cost Analysis (TCA) has often been used as a proxy for best execution and now MiFID II will render post-trade TCA a smaller, but still significant, aspect of best execution; while pre-trade TCA may play a bigger role, especially for more illiquid securities. Linedata’s solutions provide key data elements that help you comply with MiFID II for TCA queries.
Linedata’s robust reporting solutions support buy-side clients’ transaction reporting requirements across the trade lifecycle. Enhanced trade workflows and interfaces ensure clients can capture, track and report on key data required under MiFID II. Clients can also generate trade details for trades not covered by the trading venue or sell-side counterparties.