The implementation of the revised Markets in Financial Instruments Directive, or MiFID II, on January 3, 2018, will introduce many new responsibilities and obligations for all market participants. Digital Reasoning hosted a webinar with Nasdaq on November 29 that included a panel of experienced industry professionals sharing their insights on the impact these will have on trade surveillance.
Topics covered on webinar included:
- Where do MiFID II and the Market Abuse Regulation overlap and crucially, what are the different expectations from regulators in MiFID II?
- For venues, ranging from regulated markets to organized trading facilities, how will these new rules affect trade and communications surveillance and what do participants need to know?
- How can firms put in place a program of best practice ahead of January 3, and what will regulators be expecting in the short term?
- Where can technology assist with this, and can emerging technologies, such as artificial intelligence and its various subsets, including machine learning and natural-language processing, play a part?
- What are the operational cost and regulatory consequences of failing to comply with these requirements, and who is subject to them?
- What are the next steps that all firms need to take, in order to avoid these consequences?
- James Rundle, News Editor, Waters Technology (Moderator)
- Bill DiPietro, Vice President, Product Management, Digital Reasoning
- Michael O’Brien , Head of Product Management, Risk & Surveillance Solutions, Nasdaq
- Steve Fribbens, Executive Director - Head of Compliance Surveillance, CIBC
- Manny Alicandro, General Counsel and Head of Regulatory Technology, MANA Partners
To view full webinar recording, click here.