Jefferies, the global investment bank, has implemented Ul Smart, a Ullink system said to address Mifid's requirements for best execution. The application fits into the bank's existing environment and Ul Smart then makes decisions using real-time data from multiple sources, routing orders according to user-defined best execution policies. Brokers use a graphical best execution policy designer to create custom policies that meet their customers' needs.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails