The countdown to MiFID II’s January 2018 implementation date is underway with firms evaluating whether or not they have the solutions in place for their businesses. The Directive places a great burden on firms’ data management infrastructure, with many existing solutions and processes not adequate to deal with the intense ramp-up in data volume. The article on Bobsguide clearly articulates many of the challenges facing firms in their MiFID II strategies, including the need for validation and end-to-end reconciliations with data enhancements.
At INDATA, much of the work that we have done to prepare our clients for MiFID II involves the sophisticated enterprise-wide data management capabilities based on big data technology that are part of our Epic solution which runs through front-middle and back office. So our clients will not only be thoroughly prepared for MiFID II, they will also gain competitive advantages for their businesses in the process.
