On January 3, the revised Markets in Financial Instruments Directive and Regulation, known collectively as Mifid II, came into force. Touching nearly all aspects of the trade lifecycle across all asset classes, the implementation of the rules has required a mammoth effort from all corners of the industry.
“Compliance with Mifid II has been a complex project for banks,” says Joshua Walsky, CTO at Broadway Technology. “Deadline-driven projects with daily standups, including cross-firm standups,
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