New AIM | MiFID Whitepaper

The Markets in Financial Instruments Directive (MiFID), the new EU regulatory framework for the investment services industry, was subject to being implemented on the 1st November 2007. MiFID is focusing on an EU wide market transparency and protection for the retail investors. It has a strong impact on all areas of the securities industry, including data management.

MiFID | Consequences for Data Management

MiFID has several impacts on data management like the need for regulators to share the transaction reporting data required by MiFID will drive the specification of a common standard for instrument and entity reference data. Furthermore there is a growing need for reference data as already seen in the past few years, data management will receive a further boost through MiFID.

Typical data required in the context of MiFID are:

Best Trading Venue
Competent Authority
Share admitted to trading on Regulated Markets
Shares are “liquid” in context of MiFID
Publication Waivers
Free float published by CESR
Complex / Non complex instrument
IBEI Company Number
...and more

Click here to read the full whitepaper or to download the whitepaper in pdf-format .

AIM Software's reference data management solution GAIN Data Management meets with the new features offered by most of the international data providers and provides classification reports for the MiFID directive as well as a wide range of automation tools.

For further information, please contact:
AIM Software
Tel: +43 1 5124652
office@aimsoftware.com
www.aimsoftware.com

About AIM Software
Established in 1998, AIM Software is one of the leading providers of reference data management and risk management solutions for financial markets, with offices in Austria, Switzerland, the US, Hong Kong and Japan. AIM Software is active in the major financial centres based on its service and support partner network and supports more than 100 references in 15 countries.Supported by the company's expertise in the areas of reference data management and risk management and financial instrument pricing, the creation of future proof software solutions is the cornerstone of AIM Software's business mission. For further information, please visit http://www.aimsoftware.com.