IHS Markit Unveils Solution for RTS 28 Compliance
The data vendor has launched a new platform for automating all technical aspects of RTS 28, a regulation coming into effect in April 2018.
RTS 28 requires clear evidence that asset management firms are unconflicted and acted in the best of interest of their clients.
The regulation, which will be activated three months after Mifid II takes effect, mandates the use of reports showing in detail every execution venue that a firm has used to reach liquidity and execute a trade.
John Jannes, director in the trading services business at IHS Markit, says this can be complicated, and that IHS Markit’s solution aims to ease the process
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