As a solution for a lingering data problem in the financial industry, the legal entity identifier (LEI), which has been hotly debated and thoroughly discussed over the past year, has its limitations, as Peter Warms, global head of open symbology at Bloomberg, sees it.
“When the LEI is first assigned to an entity, it is not automatically linked to instruments an entity may own,” he says. “Thus, using the LEI alone will not allow firms to perform instrument-exposure risk analysis. Nor will the LEI
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails