TIM Group, operator of the market-leading global trade ideas network and alpha capture platform, has today announced that its TIM Ideas service is a compliant solution for sell-side firms needing to meet capture and disclosure requirements under new Market Abuse Regulations (MAR) due to be implemented on 3 July 2016.
In a development that has surprised some brokers across Europe, on 10 March 2016 the European Commission endorsed the European Securities and Markets Authority’s (ESMA) technical standards as they apply to sales people and sales traders under Market Abuse Regulation.
The TIM Ideas platform is able to capture all relevant equities-based Investment Recommendation information required by the regulator - including the recording of investment recommendations made through any other media, including telephone, chat and email. (Trade ideas are not inherently Investment Recommendations, but can be if communicated to multiple clients).
TIM Group is working with its network of brokers to ensure they are able to continue to provide Investment Recommendations after 3 July. Brokers can choose to link TIM Ideas to existing broker disclosure sites, or to publish internal information, such as company holdings that breach the relevant disclosure limits, to TIM for disclosure on a TIM site on behalf of the broker.
Colin Berthoud, Founding Partner of TIM Group, comments, “TIM Group’s services have always been compliance friendly. For years, we have captured structured recommendations and relayed them to clients that reward broker insight. We believe our Ideas platform provides our brokers with the ideal solution to the new MAR standards for capturing information, and are working with them to link that to existing information disclosure sites.”