Japan has launched an RPA utility for investment banks.
European firms must comply regardless of research provider location.
UK banks may not be able to trade products on EU exchanges after Brexit.
Investors had pushed for a non-profit consolidated tape in the EU.
Margin requirements for non-cleared derivatives have boosted clearing.
One bank expects to be live on the platform by Q1 2018.
Under MiFID II, fund managers will want to measure alpha from research.
Buy side will come under the regulatory spotlight.
T2S expands the number of European trades eligible for balance sheet netting.