Risk Focus, Inc. held its inaugural Validate.Trade User Group conference call on November 17, attended by representatives of 4 global banks and the DTCC.
MiFIR/MiFID II preparedness is top of mind at every firm I’ve recently visited, but that could be about to change. The SEC’s security-based swap (SBS) reporting threatens to be equally time-consuming and costly to participants as MiIFD II.
Over the last six months, MiFIR/MiFID II readiness is the one topic that has consistently been top of mind at every firm I’ve visited across the industry. Given the traction that our Report-it.Trade suite has gained this year for G20 reporting, one of the first questions we get is “what are you going to be doing for MiFID II?”
It’s been a whirlwind first four months since I joined Risk Focus to run our software business. When I joined our only software product was Validate.Trade, which if you’ve seen the June 4 press release, is being adopted not only by 8 top Investment Banks, but by the DTCC itself for internal use.