Australian technology business FinoComp has launched a performance calculation tool that provides a solution to MiFID II's so-called '10% rule', which requires clients be notified within 24 hours if a portfolio falls 10% or more in a reporting period.
The rule, which comes into force alongside the rest of the regulation on 3 January 2018, has become a headache for DFMs operating on platforms as although the requirement to report portfolio depreciation...
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