FIX Trading Community Addresses MiFID II Obligations with New Release
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FIX Trading Community Addresses MiFID II Obligations with New Release
The non-profit, industry-driven standards body FIX Trading Community has rolled out the final iteration of its Recommended Practices for Best Execution Reporting. The final release comes ahead of the implementation of MiFID II, which includes new obligations for Best Execution Reporting, namely RTS 27 and 28.
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RTS 27 outlines reporting requirements for execution venues executing client orders in MiFID financial instruments. By extension, RTS 28 specifies all upcoming reporting requirements for investment firms executing client orders on execution venues. The document can ... (read more)
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