JWG: Buy-Side Firms At Risk of Missing MiFID II Deadline Eye Outsourced Data Management, Reporting

Data management solutions among most popular areas for outsourcing to comply with impending rules.

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JWG analysts found that 90 percent of the firms they surveyed reported a medium or high risk of non-compliance by January 2018.

Data management solutions and record-keeping are requirements that some firms told JWG they plan to outsource, but the most-outsourced function is reporting, with 25 percent of firms planning to contract out this requirement. The survey found that most firms plan to keep research, trading and client management in-house. According to JWG, that may be because in areas in