For Immediate Release:
SIIA Contact: Nevena Jovanovic, (202) 789-4461, firstname.lastname@example.org
FISD Presented the 2018 MiFID II Outstanding Data Provider Award to Cboe Europe
WASHINGTON, D.C. (June 15, 2018) – FISD, the Financial Information Services Association of SIIA, presented the 2018 MiFID II Outstanding Data Provider Award to Cboe Europe. The award was presented at the FISD Issue Brief in London on June 14.
This special award was created by the FISD Service Level and Communications (SL&C) Working Group to recognize the data provider that most clearly adheres to the Working Group’s Best Practice Recommendations in support of the implementation of MiFID II activities and events. These recommendations are guidelines for communication and notification sent by exchanges and information providers to their customers and downstream distribution partners for events such as system upgrades, administrative and policy changes, new product introductions and unplanned interruptions. MiFID II, or Markets in Financial Instruments Directive II, is a recently enacted regulatory reform for financial markets in the European Union.
MiFID II, or Markets in Financial Instruments Directive II, is a recently enacted regulatory reform for financial markets in the European Union. Adoption of the Working Group’s recommended communication policies enabled market participants to more quickly and easily deal with the plethora of changes created by MiFID II, including new compliance requirements, changes in financial products and prices and enhanced reporting requirements.
Other finalists for this award were Deutsche Bӧrse, Euronext and Vienna Stock Exchange.
“We are honored to be recognized with this award and are grateful to the members of FISD,” said David Howson, chief operating officer for Cboe Europe. “This recognition is a testament to the hard work of the entire Cboe Europe team and the close collaboration and support of our customers as we prepared for MiFID II.”
Tom Davin, managing director of FISD said, “Cboe is strongly deserving of this recognition. The launch of MiFID II on January 3 introduced major changes to the way that market data is packaged, distributed and consumed globally, and consequently presented significant challenges to exchanges and other data creators. Our Working Group members commended Cboe’s high level engagement with our FISD MiFID II Real Time Working Group and early publication of specific MiFID II information on the Cboe Europe website.”
FISD (the Financial Information Services Association of SIIA) provides a neutral business forum for exchanges, market data vendors, specialist data providers, brokerage firms, investment managers and banks to address and resolve business and technical issues related to the distribution, management, administration and use of market data. Members use this forum to exchange ideas, build business relationships and improve the business climate associated with the worldwide flow of financial information. SIIA is an umbrella association representing 800+ technology, data and media companies globally. For more information, visit fisd.net.