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The SmartStream Reference Data Utility (RDU), a fintech provider, publicized a new data reference service that will simplify the upcoming changes of the Markets in Financial Instruments Directive II (MiFID II). The service is the outcome of a collaboration between JPMorgan Chase, Morgan Stanley, SmartStream, and Goldman Sachs.
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The service, which is still in the testing stage with clients, will assist financial firms to maintain the regulatory standards to be set by MiFID II in January 2018. The RDU is a fully integrated reference data set which is designed to help companies ... (read more)