MiFID 

The Markets in Financial Instruments Directive (MiFID) represents a major change in the financial markets in the European Union (EU). MiFID aims to create one harmonized European capital market and to promote competition for investment services. The result will be a fair, efficient and transparent market designed to protect both professional and private investors and make trading easier throughout the EU.

While one of the most wide-reaching reforms ever to be made in the EU, MiFID presents new regulatory challenges and complexities for your financial institution. Understanding the implications of MiFID is essential to avoid expensive fines or negative publicity, protect your customers and meet regulatory requirements. With NetEconomy’s proven and easily deployable Market Surveillance Manager we can help you reduce the complexity of MiFID’s transparency and best execution requirements by improving investor protection and ensuring compliance across your financial institution.

NetEconomy’s Market Surveillance Manager for MiFID helps financial firms to improve investor protection and minimize regulatory risk to address the complex requirements presented by MiFID related to client classification, client order handling, and best execution monitoring and compliance.

As with all NetEconomy solutions, the Market Surveillance Manager for MiFID takes a risk-based approach for monitoring vulnerability to certain risks. NetEconomy’s unique approach allows financial institutions to apply a variety of sophisticated detection capabilities best suited for a particular risk or regulation. By leveraging NetEconomy’s configurable detection capabilities financial institutions benefit from significantly reduced false positive alerts.

NetEconomy’s MiFID capabilities:
• Client classification (and suitability and appropriateness of products and services as a consequence)
• Client order handling (sequence and timeliness)
• Best execution compliance and monitoring
• Reporting requirements and record keeping