Tag: regulation

Progress Apama partners with Microsoft to deliver MiFID solution

Progress Software, a supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has announced that it has partnered with Microsoft to provide its Progress Apama Event Processing Platform as a key component of Microsoft's MiFID solution suite. The solution will enable financial institutions worldwide to meet European MiFID requirements that go into effect on 1 Novembver 2007, the firm says. The Apama platform will provide Complex Event Processing (CEP) and Business Activity Monitoring (BAM) capabilities, enabling firms to monitor and analyse their MiFID best execution compliance, as well as meet the reporting, reference data and trade history requirements.

Publication of MiFID handbook means FSA has met EU deadline

On Friday the Financial Services Authority (FSA) published a Policy Statement and Handbook that it says finalises its transposition of the Markets in Financial Instruments Directive (MiFID) for FSA-regulated firms and markets by the European Union deadline of 31 January 2007.

Best Execution only on the agenda of three European buy-side firms out of four, new Edhec-Risk Advisory study finds

In an HSBC-sponsored study, Edhec-Risk Advisory questioned 127 buy-side firms about their level of preparedness for MiFID's Article 21, which stipulates that firms must prove compliance with a Best Execution strategy. 26 responses to Edhec's questionnaire were provided by hedge fund managers while 101 responses came from traditional asset management firms.