While many firms implemented the annual “code freeze” that usually takes place at year-end in banks and trading firms—a period during which alterations to core systems cannot be made—special dispensation was given to a number of teams working on those systems that would be affected by the implementation of the revised Markets in Financial Instruments Directive (Mifid II).
“We’re working up to the last minute,” says one source in a technology team at a major US bank. “I know there have been a nu
Also: Trading Technologies is developing an OMS for the sell side and Orbital Insight is embracing a platform-as-a-service model.Subscribe to Weekly Wrap emails
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