Securities and Exchange Commission (SEC)
CFTC's Budget Cut Constrains Crypto Oversight, Market Resiliency Activities
A higher budget, on the other hand, could bring in extra staff to monitor clearinghouses and fraud manipulation in crypto markets, says CFTC commissioner Quintenz.
CAT 'Tsar' May be Required to Break Gridlock
Experts say the structure of the decision-making process hinders its speed.
April 2018: ‘Power You Can’t Buy’
This month, Max runs down the contents of Inside Data Management, from potential solutions to regulatory dilemmas to the heroes who may save us from exchange data and index injustices.
Mind the Governance Gap: Data Key to SEC Modernization Compliance
Good data governance plans will be key to compliance with new sweeping legislative changes from the SEC. But for those who haven’t established effective data governance practices—and even for many who have—the changes could prove a steep and arduous…
Regulators Warn on Phishing Scams
Increasingly sophisticated schemes are targeting firms and individuals, watchdogs say.
NYSE Fined $14 Million by SEC for Reg SCI Violations
The exchange settles after multiple investigations conducted into outages and systems issues over past several years.
The Curious Case of the Trader–Vendor
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
SEC Releases Updated Cybersecurity Guidance
The regulator added new guidance around cybersecurity disclosure controls and insider trading.
Fee Fight: Ye Olde Market Data Battleground
Market data fees charged by exchanges continue to be a bone of contention for banks, electronic trading firms and asset managers. And although recent events playing out in the US are adding fuel to the fee fire, frustration levels are rising in Europe…
Five Things to Consider About Crypto SROs
The idea of self-regulation makes for a good soundbite, but the practicality of the matter leaves much to be desired.
CAT Got Your Tongue?: An Inside Look at the Consolidated Audit Trail's Sluggish Rollout
When the Consolidated Audit Trail failed to go live in November last year, questions came as to why—but answers were not easy to come by.
Cryptocurrencies Come of Age, But Is Crypto Data Ready?
Once used as payment for shady deals, digital currencies have long been the domain of speculators and retail investors. But the wild price increases of the past year have led institutional investors to sniff excitedly at the loins of the cryptocurrency…
Industry Fears Neutered CAT in 2018
The SEC’s Consolidated Audit Trail (CAT) of US equities trade data hit a fresh snag in late 2017, missing a major deadline for reporting, blaming insufficient cyber defenses. As it marches into another crucial year, Tim Bourgaize Murray reports on the…
Tradeworx Sells Trading Arm to Focus on Fintech
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
Data Fee Complainants Buoyed by SEC Appointee
Recent appointments at the US Securities and Exchange Commission have led some firms to believe regulators and policymakers will finally start to address what they believe to be opaque pricing structures for market data at exchanges. Joanne Faulkner…
DTCC Proposes Measures to Further Reduce US Settlement Times
The two proposals could bring settlement down to a day-and-a-half from time of trade, but still need more feedback from the industry.
Law & Disorder: US Preps Defense Against Mifid II
As Mifid II's deadline approaches, US firms affected by the rules are still waiting for regulators to resolve crucial conflicts between European and American laws, and are likely to be making adjustments well after the deadline has passed, reports…
Top Stories of 2017: The Crypto Craze
The pick of Waters' coverage stretching from bitcoin becoming an asset class to exchanges launching futures.
Sifma Adds Voice to CAT Personal Information Row
Lobby group is looking at other types of data that it can suggest to the SEC for use in the CAT.
House Prepares Bill Delaying CAT amid Ongoing Difficulties
Thesys, in a hearing at a Congressional committee, also said it has lined up over 20 candidates for a chief information security officer post.
CFTC Warns on Bitcoin Futures as Exchanges Ready Contracts
Market participants express concern over potential risks these contracts could pose to clearinghouses, as exchanges self-certify contracts for trading.
Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.
Industry Tight-Lipped on CAT Status as Deadline Hits
Participants refuse to say whether reporting will begin as scheduled after a last-ditch delay effort was rejected by the SEC.
House Approves Market Data Protection Act
Market Data Protection Act will increase security requirements for market data held by the SEC and FINRA, lawmakers say.