Posted on November 28th, 2008 by admin
The Investment Management Association raised concerns over poorer market data having arisen from the introduction of MiFID as well as counterparty risk in certain deals. The concerns were raised following research amongst its members. The research was not all negative towards MiFID with recognition of competition helping improve pricing.
MiFID requires after the event [...]
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Posted on November 28th, 2008 by admin
THE Investment Management Association (IMA) this week delivered a searing attack on the Financial Services Authority (FSA) for its handling of the Lehman default and its total failure to protect the interests of institutional investors who had share trades trapped in the system.
The letter of complaint has none of the studied politeness, weasel words and [...]
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Posted on November 25th, 2008 by admin
By Jeremy Grant, Financial Times
Published: November 25 2008 02:00 | Last updated: November 25 2008 02:00
The market data by which investors judge whether they are getting the best price when trading UK shares have “significantly deteriorated” since share trading was liberalised a year ago by the European Commission, the trade body for UK fund managers [...]
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Posted on November 20th, 2008 by admin
Alliance offers platform aimed to comply with MiFID guidelines. A new adviser platform aimed at tying in with MiFID requirements is now live following an alliance between Finantix and Italian Banca Fideuram.
The global provider of component-based, front-office solutions, announced that Banca Fideuram is now available which provides advisers with an integrated view of [...]
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Posted on November 19th, 2008 by admin
Goldman Sachs Group Inc, Morgan Stanley and investment banks in Europe are using the early success of new trading platforms they have backed to push exchange fees lower.
Goldman and Morgan Stanley, whose profit in the first three quarters is down 44 percent from last year, and brokers at firms such as Merrill Lynch & [...]
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Posted on November 17th, 2008 by admin
Athens Stock Exchange president Spyros Kapralos on Monday said that MiFID laid the foundations for new forms of activities in capital markets in Europe, a very positive prospect as a fact, although it remained unclear wheter higher competition has resulted to the benefit of investors.
Addressing a conference organized by the European Union on [...]
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Posted on November 17th, 2008 by admin
As the Markets in Financial Instruments Directive continues to fragment liquidity in the European Union, New York-based agency brokerage BNY ConvergEx Group has unveiled a global smart-order routing platform it says takes advantage of the proliferation of trading venues. The new system, according to the firm, looks at orders bound for the national exchanges and [...]
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Posted on November 17th, 2008 by admin
Entry Into Force
Cyprus has now taken the necessary steps to implement the Markets in Financial Instrument Directive (MiFID) into Cyprus legislation. The Investment Services and Activities and Regulated Markets Law, N.144(I)/2007 (“Investment Services Law”), implementing MiFID and the Level 2 directive, took effect from 1 November 2007, replacing the previous legal regime established with [...]
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Posted on November 13th, 2008 by admin
In many ways Roger Taylor is the consummate new model financial planner. He has a small but valuable client bank, a very high level of recurring income and specialist knowledge. But is there still room for improvement? By Lauren MacGillivray.
After moving to a new model approach early on and achieving a recurring income of 92%, [...]
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Posted on November 11th, 2008 by admin
HIGHLIGHT: Dublin based financial spread betting company Delta Index today launched its Contracts for Difference (CFDs) product for investors seeking to take long or short positions on the financial markets.
Dublin based financial spread betting company Delta Index today launched its Contracts for Difference (CFDs) product for investors seeking to take long or short positions on [...]
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