MiFID
threatens to dramatically increase volumes of
price, position, instrument and entity data required
to support best execution, pre-trade and post
trade transparency obligations. Market data, trade
reporting, transaction reporting, client order
handling and record keeping are all likely to
drive demand for increased data storage and distribution
placing increasing demands on existing data repositories
and network infrastructures. Under the record
keeping and reporting provisions alone, firms
will be responsible for storing records of financial
instrument transactions for at least five years.
The requirement for improved
auditability of decision support activities is
likely to burden existing IT infrastructures.
Firms will be looking to improve the scalability
and availability of repositories so that they
are able to manage and analyse more data, more
efficiently. They will also be seeking an approach
that preserves investments in existing data management
resources.
MiFID
threatens to dramatically increase volumes of
price, position, instrument and entity data required
to support best execution, pre-trade and post
trade transparency obligations. Market data, trade
reporting, transaction reporting, client order
handling and record keeping are all likely to
drive demand for increased data storage and distribution
placing increasing demands on existing data repositories
and network infrastructures. Under the record
keeping and reporting provisions alone, firms
will be responsible for storing records of financial
instrument transactions for at least five years.
