IT & FS regulation

The impact of financial services regulation on trading platforms and market data

If the financial services sector is the biggest user of IT on the planet, then trading platform technology is its beating heart and market data its bloodstream.

As new EU rules hit the statute books, the financial instrument trading regime from MiFID is set to be adopted for most other asset classes under MiFID II, and equally far reaching requirements have been implemented in the OTC derivatives world under EMIR.

In each area – trading platforms and clearing, and trade data, indices, benchmarks and other market data – contract structuring, intellectual property and regulation are important pieces on the strategic chessboard, often moving in different, mutually contradictory directions.

We have many years’ experience of advising at the intersection of financial services regulation and technology on trading platforms and market data, and on the regulatory, intellectual property and contract structuring legal issues that need to be aligned for success.