Financial industry Regulatory Authority (Finra)
Trade reporting challenges require data re-think
Data accuracy issues are hampering some firms’ regulatory reporting abilities. So why aren’t data professionals more involved? And how can compliance costs be turned into revenue drivers?
Regulation of fixed income faces pivotal year ahead
Jo says the SEC’s Treasuries-focused regulatory agenda will come to fruition next year, and tech vendors will face the burden of those proposals.
Gensler calls for enhanced US bond market transparency
SEC chief advocates shorter Trace reporting delay, public dissemination of Treasuries trades
Surveillance firms experiment with computer vision for video conferencing oversight
As more firms rely on platforms like Zoom and Teams for client and workforce communications, surveillance technology providers are exploring new ways to make sure traders are compliant while working remotely.
2021: The year when Big Tech ‘Googled’ the financial markets and liked the results
Now that cloud has become widely adopted by financial firms, Big Tech companies are seeking to leverage their other services to become more ingrained in the workflows of the capital markets.
Fee filings cloud hopes for cheaper NMS data
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
From burst to bust: What happens when cloud runs dry?
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
Waters Wrap: The expanding battle over reference data identifiers
Bloomberg, Broadridge, and Finra have all recently made news in the world of standards and identifiers. Anthony looks at some of the questions the reporters at WatersTechnology will be asking going forward.
Now that Oats is scrapped, regulators will have to (Cat)ch up
Retiring Oats is a milestone on the long and winding road to Cat implementation, but the SEC must make some major decisions in a very short timeframe before the Cat journey is over.
Farewell, Oats: Finra announces retirement date
Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Oats retirement imminent as Cat maintains data quality, Finra says
Oats reporting could be fully migrated to the Consolidated Audit Trail and the Oats system retired as early as June 30.
Finra taps AWS for next-gen regulatory search tools
A long-time AWS client, Finra is using a combination of AWS tools and its own knowledge graph to generate better search results.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
Three fixed-income experts look back on the bond market’s liquidity crisis spurred by the pandemic’s early days, and ponder where regulation and data-quality efforts might next lead the space.
Covid Could Cause US Regulators to Rethink Surveillance
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
As June Deadline Looms, Broker-Dealers Begin Reporting to the CAT
As CAT reporting activity picks up, error rates have somewhat surprisingly been well below what was expected in the testing and production environments.
SEC, Exchanges Clash Over Revised Consolidated Tape Plans
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
This Week: ICE, Nasdaq/R3, BMLL/OpenFin, DASH
A summary of some of the past week’s financial technology news.
People Moves: FINRA, Tassat, Eventus Systems, Willis Re and Big XYT
A look at some of the key 'people moves' from this week including Greg Ruppert (pictured) who joins Finra as executive vice president.
Industry Given CAT Relief Due to Coronavirus [UPDATE]
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
CAT Seeks Approval to Mask Personal Data
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.