30.04.2007
Data storage in post-MiFID era
SunGard has recently announced the launch of its "MiFID Hub", a sofware solution which should enable financial institutes to comply with the data storage requirements of MiFID (Markets in Financial Instruments Directive). The MiFID Hub is said to contain the experiences and ideas of more than 70 financial institutes, which were participants at MiFID workshops organized by SunGard and held in Frankfurt, Brussels, London and Stockholm. More than 70 percent of the workshop participants are convinced that they need to expand their data storage functionalities in order to comply with the EU directive.
MiFID requires financial institutes to store various financial data for a minimum of five years. MiFID will also make the tasks of archiving, input and dissemination of financial data much more complex than under existing regulation or corporate strategies. Transaction and ticker data as well as client and marketing documentation, for instance, must be stored in such as way that every phase of the order execution can be reconstructed after several years.
Source: Compliance-Magazin.de
Search
Categories
Archive
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- December 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
Last Entries
- SIX Telekurs wins Best Data Innovation Award 2011 from Systems in the City
- Xtrakter and SIX Telekurs agree to expand pricing data
- SIX Telekurs bolsters regional expertise in Tokyo office
- SIX Telekurs White Paper. Transparency in Evaluated Pricing.
- SIX Telekurs USA Names Cort Williams EVP, Sales & Business Development
- SIX Telekurs Offers Evaluated Pricing for Distressed Securities
- SIX Telekurs opens two computer centers at Equinix Inc. in Singapore.
- SIX Telekurs redefines its products and services categories.
- SIX Telekurs in partnership with TFG Systems.
- SIX Telekurs partners with Inforex S.A. to increase its market presence in Greece.