MiFIDII, Position limits, CFTC reportable levels, symbology, tagging, API, CUSIP for North American F&O and a whole lot more..
Ever since early cave dwellers painted a visualisation of the world around them, humans have had a fundamental need to socialise and communicate with others..
Every cloud has a silver lining, at least that's what our elders drummed into us..
Unique instrument standards do exist, it is just that there are multiple instances of uniqueness..
Despite the majority of the industry’s practitioners’ opinion that the proven Aii is being replaced with the somewhat inferior ISIN symbology..
This feels nothing like the time before MiFID I go live but in essence, it is a similar upgrade to instrument reference data as it was then.
For small to medium investment firms, cost-effective access to market data sources enjoyed by major international banks, prior to on-demand innovation, was usually a one size fits all choice
The wave of regulatory reform across Europe and USA with punitive fines for non-compliant transaction reporting is challenging the supply of fit for purpose compliance data.
The absence of a common language to unify the identification of financial instruments between trading participants across a trade lifecycle, necessitates good symbol management.
The force of the community data model applied to reference data is consistent and progressive but at times supercharged in its reaction to fundamental market change.
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