The RTS 24 component of MiFID 2 requires firms to capture and provide client data and investment decision-making information to trading venues. As a result trading venues will now have to capture, record and store vast amounts of data throughout the trading day.
Participants don’t traditionally store this data in front-office systems, so must collect and organize it from across their ecosystem before passing it to trading venues, says David Howson, chief operating officer of BATS Europe.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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