Recorded Webinar: How are you managing the need to demonstrate trade reconstruction?
Best execution under MiFID II and other current regulations presents practitioners with a daunting challenge: How does my firm provide evidence that it acted in the best interests of the client? The response necessarily requires storage of vast quantities of data from multiple sources and communications channels, for long periods of time – in the case of MiFID II up to seven years.
Trade reconstruction has emerged as a particularly challenging requirement as MiFID II, Dodd Frank and other global regulations force trading firms to show evidence that they acted according to their best execution policies. Firms will need to capture, store and query (often on-demand) any and all data and communications that could relate to a transaction (as prescribed by Article 16[7] of MiFID II), whether or not the transaction takes place.
The requirement is onerous, and the penalty for non-compliance has yet to be tested under MiFID II. Meanwhile, firms continue to wrestle to determine their best approach.
Listen to the webinar to learn:
- What types of data you need to be collecting – across structured and unstructured data, electronic, voice, social media and paper-based data
- How to identify required data and manage data collection from across disparate, siloed sources
- What potential security risks to look out for
- How to manage policies for ensuring the relevant data is recorded and stored in the right way
- How to reconstruct a trade with minimal manual effort and ensure access in a timely manner
- How to turn the regulatory requirement into a business advantage by anticipating breaches, and protecting your assets and reputation
Speakers:
More about our speakers:
Nuno Hortensio
Independent Voice Communications Specialist
Nuno is a highly motivated and passionate professional who believe that professional ethics, leading by example and good working relationships are key factors for collective success. He is a forward-thinking leader, focused on reliable execution and service excellence delivered through a good teamwork ethos. Nuno is an avid technologist with proven expertise in managing change by pursuing improvements through strategic development, process building, mentoring and teamwork.
By maintaining a vast Voice Recording and Compliance product knowledge, remaining up-to-date with technology innovations and being adept at understanding business needs, he provides robust technical solutions that meet requirements. Nuno believes that he has positively influenced and supported the development of team structures and strategies of the companies he has worked for.
Levi Orbach
Founder, CEO
Voitrax
CEO of Voitrax – consultant with over 25 years experience for major financial firms in trading systems for compliance and client reporting. Worked for major wall street firms including Merril, Painwebber, CItibank, PWC, Lehman as well as Lazard Frere.
Expert in regulatory reporting requirements and the technology to be able to meet this requirements.
Andrew Rogers
Executive Director, EMEA Head of Business Development for Pricing & Reference Data
IHS Markit
Andrew (Andy) Rogers is the EMEA head of business development for the Pricing & Reference Data business at IHS Markit.
He is responsible for product and commercial strategy for the award-winning IHS Markit Pricing and Reference Data business in Europe. In addition, Mr. Rogers has global responsibility for the alliance partner strategy across Pricing, Valuations and Reference Data vertical within the Financial Services business. His areas of expertise include debt and equity origination, credit derivatives, equity derivatives, stock loan/repo and change management. Mr. Rogers joined IHS Markit in 2013 to run the RED™ business and has expanded his role and developed an appetite for delivering market-leading solutions assisting market participants on topics, including independent pricing, risk management and regulatory solutions. Mr. Rogers frequently speaks at industry conferences and represents IHS Markit in multiple business forums and interacts with global regulators. Whilst at IHS Markit, he has been seconded by industry bodies and liaised with global regulators on the topic of data standards. Prior to joining IHS Markit, Mr. Rogers spent two decades at three of the world’s largest investment banks where he held multiple roles within the operations and business functions.
Steve LoGalbo
Product Management Director
NICE Actimize
As director of product management for the NICE Actimize Financial Markets Compliance division, Steve looks after the Holistic Trade Compliance portfolio. This portfolio consists of solutions for trade- and communications surveillance, plus automating compliance tasks using workflow management and robotic process automation (RPA). His expertise is in advanced analytics and machine learning solutions to detect even the hardest-to-find forms of market abuse and conduct risk.
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