Digital utility shown to dramatically lower MiFID data costs
Digital utility shown to dramatically lower MiFID data costs Dec 21, 2020 By Funds Europe A digital utility has managed to lower data management costs related to MiFID II by over £100,000 (€110,000) for firms involved in the project. The firms – which include the fund platform Allfunds and asset manager Fidelity International – belong to the Tisa Universal Reporting Network (Turn), which has officially launched. Described as an industry-run utility, Turn’s aim is to ease regulatory reporting requirements of MiFID II and is now available across Europe based on blockchain technology....
Source: funds-europe.com