Stefan Hendrickx
CEO at HL Steam
Nature, Nurture or Neither: Ethical Behavior and the Need for 'Moral Exemplars' on Wall Street. 10 Reasons Why Humor Is A Key To Success At Work. MiFID II and FTT face post-summer push. Ahead of their summer exit from Brussels, European policymakers have set themselves a timetable for finalising the European financial transaction tax (FTT) and market reform rules under MiFID II, starting in September.
A final text for new market rules under MiFID II will be sought by Christmas as the European Parliament and Council of the European Union negotiate technical and political details of the regulatory regime. An initial 4 July trialogue meeting set out future dates for the negotiating process. Future trialogues will be held on the 4, 11 and 25 September and 9 and 16 October, the Lithuanian presidency of the Council confirmed to theTRADEnews.com, as it aims to reach MiFID II agreement by the end of December. Mid-March has emerged as the latest time by which agreement must be reached, as it will be the last plenary session before the 22-25 May elections. "Defining a perimeter for derivative contracts will be a major issue for the FTT," he said. Trayport® launches Whitepaper: EMIR, REMIT, MiFiD and more. ‘Big Compliance’ Meets Energy Trading.
Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, today announced the launch of its European Regulatory Whitepaper: EMIR, REMIT, MiFiD and more. ‘Big Compliance’ Meets Energy Trading. The whitepaper explores and examines the extensive regulatory changes set to impact the energy trading industry and offers some practical guidance about how firms can prepare themselves.
The wholesale European energy markets will be subject to an array of regulatory and compliance obligations over the coming years, increasing the pressure of investment in IT to meet these obligations. The European Markets Infrastructure Regulation (EMIR), the Regulation for the wholesale Energy Markets Integrity and Transparency (REMIT) and the second Markets in Financial instruments Directive (MiFiD II) will introduce the concept of “big compliance” to the energy markets, in a way previously experienced mainly by the banks.
Exclusive: Regulators seek trading secrets. Join Wall Street. Save the world. This is Jason Trigg, a programmer who went to work for a hedge fund because he figures it's where he can earn the most - and thus give the most away.
(Photo by Gretchen Ertl/For The Washington Post) Jason Trigg went into finance because he is after money — as much as he can earn. The 25-year-old certainly had other career options. An MIT computer science graduate, he could be writing software for the next tech giant. Or he might have gone into academia in computing or applied math or even biology. Instead, he goes to work each morning for a high-frequency trading firm. Why this compulsion? He’s figured out just how to take measure of his contribution. In another generation, giving something back might have more commonly led to a missionary stint digging wells in Kenya. "A lot of people, they want to make a difference and end up in the Peace Corps and in the developing world without running water," Trigg says, "and I can donate some of my time in the office and make more of a difference.
" Compliance Technology Now A Necessity For Hedge Funds.