Luxoft is a global leader in high-end software development.
Luxoft is looking for talents with a passion for technology & ready to create original solutions. Once on board, you are invited to expand your knowledge & skills, offering you a continuous learning experience helping you stretch your potential.
So if you’re enthusiastic by the idea of accessing cutting edge technology & innovation to make an impact, why don't you join us?
Key Responsibilities:
- Assisting with the business case
- Planning and monitoring
- Eliciting requirements
- Requirements organization
- Translating and simplifying requirements
- Requirements management and communication
- Requirements analysis
Essentials Skills and Qualifications:
- Written and verbal communication, including technical writing skills
- Understanding of systems engineering concepts
- The ability to conduct cost/benefit analysis
- Business case development
Desired Skills and Qualifications:
- Extensive industry knowledge
- Targeted business experience
- Modeling techniques and methods
- Leadership
Overview of business area or project:
Firms and venues to make available reports for clients to download in machine-readable electronic format from their website, free of charge:
Quarterly Quality of Execution Reports (RTS 27)
Annual Top 5 Execution Venues Reports (RTS 28)
Alongside the RTS 28 report, an annual summary of the firm’s analysis & conclusions drawn from monitoring execution quality obtained
Firms to revise their Order Execution Policies to ensure the correct level of detail and clarity is provided to clients
Firms and venues to enhance execution quality monitoring and controls to ensure sufficient steps are taken in the delivery of best execution
Investor Protection: The comprehensive set of execution factors introduced under MiFID I for consideration in the course of providing clients with best execution has remain unchanged in MiFID II. These factors include price, costs, speed, likelihood of execution and settlement, size, and nature. MiFID II however has recognised a perceived need for further reform to increase investor protection, and introduced terminology that places more stringent requirements on investment firms and execution venues to demonstrate their compliance with the rules, not least by now requiring firms to take “all sufficient steps” – as opposed to “all reasonable steps” – to obtain the best possible result for their clients.
Market transparency: To increase market transparency into the execution of MiFID financial instruments (equity and non-equity related), investment firms and execution venues are required to publish a wide-reaching set of data including transaction execution metrics, top five venues for execution, and annual reports describing their summary analysis and conclusions drawn from monitoring best execution quality obtained over the preceding year. Such new reports are required to be made available to clients in electronic format from a public website, free of charge.
Order Execution Policy: External-facing execution policies should explain clearly, in sufficient detail and in a way easily understood by clients (both professional and retail), how orders will be executed for the client.
Payments for Order Flow: Re-enforcing, and inline with, the message delivered by the FCA in their Thematic Review of 2014, MiFID II prohibits investment firms from receiving “any remuneration, discount or non-monetary benefit for routing client orders” to a particular trading or execution venue, so as not to infringe on any business conduct requirements including that of inducements.
