New York, 15 March, 2016 – ICAP (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that its Post Trade Risk and Information division (PTRI) has made a series of enhancements that significantly expand its existing suite of regulatory services to offer customers an end-to-end menu of products which meet MiFIR/MiFID II cross-asset reporting and processing obligations.
It is said that the devil is in the details, and this well-worn idiom is expected to prove true in the case of Market in Financial Instruments Directive II. Most every market participant would support — conceptually — improving the function of financial markets and strengthening investor protection.
Markets in Financial Instruments, Directive (II) and Regulation are being viewed warily by many buy-side and sell-side market participants, for whom the sweeping European ruleset represents another cost and potential source of unintended consequences.
In a big-picture, long-term sense, Markets in Financial Instruments Directive II could be a boon to the buy side if it boosts market transparency and investor protection as promised.