Entries by Malene Hebjørn

It’s All About Dividend Tax: The Low-Cost Game in the ETF Market

This blog is not a pro and con of active versus passive investing. That topic is so well covered by academia and financial professionals. Rather, this blog aims at disclosing a not so often discussed feature in the ETF product: Securities lending programs and the dividend tax optimization as a mean for the low costs in […]

MiFID II Implementation – So What Has Happened?

At CMP, we have been involved in a number of MiFID II projects over the last couple of years. This has been most interesting, but has certainly also had its frustrating moments. Now that the initial deadline has passed, we have taken a bit of time to reflect on the processes between the supervisors and […]

The eye of the storm – a MiFID Christmas greeting

As some of you may know, our little company is broadly involved across the Danish financial sector in preparing for the upcoming MiFID regulation. At this point, it seems we are in the middle of the storm, the eye of the hurricane, where everything is eerily quiet.

Business Case #2: 
Portman Porteføljestyringssystem & Web API

I forrige post om anvendelse af Portman til afkastberegninger, tog vi udgangspunkt i to danske finansielle virksomheders omlægning til API’et for, at se på hvornår API’et repræsenterer et fordelagtigt alternativ – og hvornår det ikke gør. I denne post går vi i detaljerne med, hvordan API’et kan bruges og implementeres.

Business Case #1: 
Portman Porteføljestyringssystem & Web API

Portman er et porteføljestyringssystem. Fremadrettet ønsker Portman, at deres kunder skal anvende deres såkaldte Web API, hvor kunderne kan læse/skrive data direkte på Portmans database. Med afsæt i to danske finansielle virksomheder, tager denne business case udgangspunkt i omlægningen til API’et med eksempler på hvornår API’et repræsenterer et fordelagtigt alternativ, som organisationen kan drage fordel […]

Upgrade Testing of Capital Market- and Investment Management Systems

Though there can be many reasons for system upgrades, one thing seems certain, most financial institutions would like to avoid them. In the pursuit of making upgrade testing as pain free as possible, many seem to forget that testing can provide organizational value. Value creation should be the achievement of upgrade testing.

Long Term Effects of MiFID II – 3rd Edition

For Whom the Bell Tolls – Will MiFID II Bring About the End of the OTC Era? Over the last couple of days, I have posted on what I see as the likely effect of MiFIR on respectively the equity and bond markets. In this post, we will turn to the derivatives markets. These are […]

Long Term Effects of MiFID II – 2nd Edition

For Whom the Bell Tolls – Will MiFID II Bring About the End of the OTC Era? MiFID II/MiFIR is a broad regulatory complex, that influences a lot of activities within the banks. Currently, people within the financial sector across Europe are busy getting it right and delivered in time. In three editions, I can […]