Compliance

10:34 AM
Connect Directly
RSS
E-Mail
50%
50%

It's a MiFID World, and Telekurs Is Just Living in It

Cory Levine, Wall Street & Technology Telekurs Financial, the Zurich, Switzerland-based market data provider, has laid out its plans to update its reference and market data products for the post-MiFID world. Some of the data required by firms to apply client classifications and best execution policies is already available, some

Cory Levine, Wall Street & Technology

Telekurs Financial, the Zurich, Switzerland-based market data provider, has laid out its plans to update its reference and market data products for the post-MiFID world. Some of the data required by firms to apply client classifications and best execution policies is already available, some new data will be added, and Telekurs plans to build a new market data platform to support the directive.Beginning next year, Telekurs will introduce international business entity identifiers for companies registered in Switzerland and Lichtenstein. These identifiers will be available through its flagship Valordata feed in addition to Telekurs' existing range of company identifiers. New markers will be added to identify MiFID liquid shares and shares admitted to trading on regulated markets within MiFID regulated zones, which will help firms determine which level of reporting and instrument is liable under the directive. Other new identifiers to be provided will show places of quotation and trade.

Telekurs is also investing in the construction of a new data collection and dissemination platform, which will be designed to have the capacity and throughput to accommodate the uptick in data coming from new data sources resulting from MiFID. Telekurs intends to work with data aggregators, systematic internalizers and multilateral trading facilities to collect and disseminate pre- and post-trade data throughout its product line.

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.