Brokers eye regulatory info as growth dataset to ease banks’ compliance burden

For years, inter-dealer brokers have provided price data on the markets in which they broker trades. Now, they spy a new growth opportunity—providing tailored datasets of clients’ trading activity to help them comply with a growing and increasingly complex regulatory burden.

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The plethora of new regulations introduced over the past decade—from Mifid II to the Securities Financing Transactions Regulation (SFTR), the Market Abuse Regulation (MAR), and Basel’s upcoming Fundamental Review of the Trading Book (FRTB)—has left financial firms struggling to find and report the data required for regulatory compliance.

Part of the challenge is the sheer scale of the requirements. Michelle Zak, CEO and co-founder of compliance specialist Qomply, notes that compliance is a

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