Options
Confusion remains over SEC’s market data efforts
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
Holding Pattern: As Trading Technologies awaits new owner, the vendor adjusts development strategy
The Chicago-based futures trading platform recently rolled out a new OMS offering, while other projects, like its Echo Chamber market data platform, have been put on pause until a sale goes through.
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.
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.
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Utility is success? Row brews over futures post-trade workflows
Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
OTC FX options market gears up for faster electronification
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
Waters Wrap: A dangerous game of Cat & hacker (And reg reporting fees)
Anthony takes a look at the Consolidated Audit Trail and concerns over its security. He also touches on the rapidly changing face of the regulatory reporting marketplace.
SEC attorney defends personal information in the Cat
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
Waters Wrap: Dash Financial gets nabbed by Ion (And monetizing data)
Ion Group has acquired Dash Financial. Whether or not this ends up being a good marriage will come down to the people making the tech platforms, Anthony says.
Ion Group acquires Dash Financial in move to bolster options execution
The deal will allow Ion to pair Dash alongside Fidessa as it looks to “own the sell-side technology space.”
Cosaic Debuts Options Analytics Charting, Sentiment Study
The new offering will provide flexibility for firms who want front-, middle-office staff, and clients to use the same analytics, but where vendor services would be prohibitive.
Goldman Sachs Takes Aim at Interoperability, Analytics with Marquee Enhancements
The bank’s recent moves signal what could become a managed services offering, as Goldman further embraces cloud, open source, and APIs.
Science Friction: Some Tire of Waiting for Quantum’s Leap
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.
This Week: CME, Katana/IHS Markit, S&P, SmartStream, Causality Link & More
A summary of some of the past week’s technology news
Eventus Systems to Add ML-Driven Trader Profile Feature to Validus
The new functionality will help to give context to market manipulation alerts.
Post Acquisition, Gresham Looks to Integrate Inforalgo to Improve CAT Offering
The vendor is streamlining its platform for reporting to the consolidated audit trail.
SteelEye to Hire CME Reg Reporting Talent
While many firms have enforced hiring freezes during the pandemic, the regulatory reporting vendor has plans to aggressively grow its staff count.
Dash Plans Redesigned OEMS Release for Q4
Blaze 7 will feature an enhanced, integrated suite for options volatility traders.
Northern Trust to Add Options and Derivatives Outsourced Trading Capabilities
The custodian bank will receive and transmit European listed options and derivatives orders from buy-side clients.
This Week: CAT, SS&C, Nasdaq, SmartStream, OpenFin, OpenDoor & More
A summary of some of the past week’s financial technology news.
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.
Stevens Institute, Capco Lay Out Commercialization Efforts for New Artificial Exchange
The platform will initially target the HFT crowd, as well those looking to better understand market microstructure in equities.