Advisory

We work at the highest level to help develop the strength of clients based on our understanding of the industry, client competition and the threats to success.

The capital markets industry is being impacted by some of the most significant and far reaching change it has witnessed for about 25 years. Under the banner of the Financial Services Action Plan (FSAP), a key component of which is the Markets in Financial Instruments Directive (MiFID), the capital market is responding to major regulatory change and companies can respond in one of three ways:

Build simple responsive projects based on compliance;
Use the change as a catalyst for streamlining business processes;
Drive a new strategic vision, building competitive practices.

Case Study

Acting as a MiFID specialist to a Tier 1 investment bank, our consultants have taken this philosophy and acted upon it. We believe in delivering a solution that is fit for purpose and with the remit to deliver a competitive best execution solution we recently took the lead in delivering a market beating smart order routing system. This has resulted in a high performance system capable of splitting parent orders into multiple child orders, hunting for liquidity, searching through dark pools or responding to client credit risk profiles. The consultants advised on the MIFID text, created and delivered the process for selecting a supplier in this nascent technology, managed the solution and then acted as supplier manager.

Articles

Cosonovo is considered a thought leader in regulatory change management and has written several articles related to MiFID. more