IMP and Jane Stabile are featured in a WatersTechnology article about IMP Consulting's partnership with UnaVista. The partnership allows IMP to run test programs within UnaVista’s Mifir User Acceptance Testing environment to prep for January 3, allowing us to help buy-side firms based in North America make sure that their workflow processes aren’t disrupted by the mandate. Read an excerpt from the article:
Boston-based IMP Consulting has joined UnaVista’s partner program, ahead of sweeping changes to Europe's trading rules that will impact North American buy-side firms from next year.
Jane Stabile, president of IMP, tells WatersTechnology that it went with UnaVista because the reporting specialist is owned by the London Stock Exchange Group. As such, it has been dealing with reporting requirements stemming from the Markets in Financial Instruments Directive (Mifid) since the first iteration of the rule went live in 2007.
The revised requirements of the original Mifid, which together with an accompanying regulation form a package of regulatory reform known as Mifid II, will enter into force on January 3, 2018. While targeted at European firms, Mifid II is expected to have a significant impact on US asset managers that deal with European counterparties—or those who have their own operations on the continent.