Systematic internaliser
Shall we compare thee to a multilateral trading venue?
As regulators confirm that perimeter guidance applies to tech firms, the focus shifts to enforcement.
No big boost to UK dark trading after Brexit
Expected explosion in hidden equity liquidity has failed to materialize
This Week: CME, Katana/IHS Markit, S&P, SmartStream, Causality Link & More
A summary of some of the past week’s technology news
Lingering Questions Remain over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought about by Mifid II, its overall impact is still unclear. Although experts talk of greater transparency in the markets, it’s had its share of issues, some of which are still unresolved.
Trax Taps TR Data for SI Volume Alert Service
The data will support Trax’s MiFID II and SI determination service, which indicates a firm’s potential to become an SI before the assessment period.
Most Innovative Regulatory Solution: SmartStream RDU
IMD/IRD Awards 2018
How is the Industry Faring in a Post‑Mifid II World?
The revised Markets in Financial Information Directive (Mifid II) went into effect at the start of 2018 and, as with any significant regulation go-live, there were some hiccups. Three months later, there are still gaps that need to be filled –…
Exchange Execs Cast Doubt on Mifid II's Best-Ex Reports
Experts warn venue reports will be unreliable and effectively bereft of value for investors.
SmartStream Shifts Strategy on SI Data
Smartstream RDU, which had previously announced it would take a utility approach to centralizing and sharing SI data, announces an SI Registry in collaboration with six APAs.
For Systematic Internalizers, Volumes Only Tell Half the Story
Identifying what constitutes true trading activity and addressable liquidity is key to analyzing the success of market reform, experts say.
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Jane Street SI Joins QuantHouse API Ecosystem
Jane Street’s systematic internalizer is now available to QuantHouse’s API clients.
Aquis Tech Links SIs, Counterparties via Connectivity Hub
Hub allows counterparties to continually adjust which stocks they want to interact with.
Vela Adds Virtu to SI Data Hub
The technology provider expands systematic internaliser data hub with addition of data from market-making firm Virtu Financial.
Best of 2017: The Top Trends
John takes a look at some of 2017's key trends, including regulation, cybersecurity and artificial intelligence.
API Tech Could Cure Systematic Internalizer Headaches
As the industry navigates new responsibilities surrounding systematic internalizer rules under Mifid II, QuantHouse argues that APIs hold the key to compliance with minimal maintenance. Jamie Hyman reports.
The Battle of Paris: How Esma Fought to Save Mifid II
For four years, regulators had to face fierce objections from groups of market participants that were unhappy with new European rules.
Systematic Internalizer Ranks Swell Ahead of Mifid II
While buy- and sell-side firms grapple with the reporting obligations imposed on so-called systematic internalizers under Mifid II, the number of registered SIs continues to grow. Jamie Hyman investigates why more firms are opting in to the designation…
Vela Introduces SI Data Hub
Technology provider expands Mifid II offering with launch of systematic internalizer data hub.
IHS Markit Launches SI Registry
Systematic internalizer registry aims to help firms with trade reporting obligations under Mifid II.
All Things Are Just Dandy in the Eurozone
The tone at this year's Esma conference was a little too positive when it came to Mifid II says John.
Esma Panel: Arrival of Mifid II will be “Like Christmas”
Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.
Ullink Extends OMS with Broker Solution for SI Regime
Modular extension for SI compliance to Ullink OMS aims to simply quoting process for brokers under new regulations.
SmartStream Hopes Collaborative SI Utility Can Solve MiFID II Dilemma
Reference data and post-trade automation technology provider is meeting with banks in an effort to solve systematic internalizer conundrum.
Instinet and Sun Trading to Provide Off-Exchange Liquidity Ahead of SI Regime
Partnership with Sun Trading follows similar deal with Virtu Financial earlier this year for Nomura-owned agency broker