Webcast: Harnessing Big Data Technologies for CAT Compliance
Panelists discuss the challenges facing broker-dealers in the US when it comes to complying with CAT mandates.
Big-data technologies are not new to the capital markets by any means. In fact, buy-side and sell-side firms have been using such tools for the past five years to help them assimilate, process and analyze ever increasing volumes of structured and unstructured data for a range of functions including risk management and trading-related tasks.
But harnessing big-data technologies on the regulatory front to help broker-dealers comply with the ever-expanding universe of regulations that impact their day-to-day operations ─ like Rule 613 pertaining to the Consolidated Audit Trail in the US ─ is anything but commonplace. And while US-based broker-dealers might be at the forefront of this new drive, similar such requirements are likely to impact capital markets firms in other locations, including those of the UK and Western European markets.
Panelists include:
• Tom Sporkin, partner and government enforcement & litigation attorney at international law firm, BuckleySandler
• Gary Bhattacharjee, executive director at Morgan Stanley
• Alex Gurevich, CTO, analytics and data management for the Americas, HP
• Victor Anderson, editor-in-chief, Waters and WatersTechnology
Points of discussion covered in this webcast include:
• Is the current data management challenge facing capital markets firms similar to those that they faced five years ago, and if not, how has the nature of the challenge changed in the intervening period?
• Are capital markets firms changing the way they use big-data technologies in terms of their applications? If so, how and what are the changes that have transpired?
• With respect to Rule 613 pertaining to the Consolidated Audit Trail in the US, what are the technology and operational challenges facing broker-dealers?
• Where have capital markets firms gone wrong in the past with respect to deploying and getting the most out of their big-data technologies/applications?
• What are the ingredients that ought to be included in the "ideal" big-data platform when it comes to assisting broker-dealers comply with Rule 613?
• What technology and operational areas do capital markets firms tend to underestimate when it comes to developing and deploying big-data platforms, especially when it comes to regulatory compliance?
• What technologies are currently available on the market that can assist broker-dealers comply with Rule 613?
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs
Joseph Lo, head of enterprise platforms at Broadridge, joins the podcast to discuss AI tools.
Man Group CTO eyes ‘significant impact’ for genAI across the fund
Man Group’s Gary Collier discussed the potential merits of and use cases for generative AI across the business at an event in London hosted by Bloomberg.
BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
BNY Mellon says it is the first bank to deploy Nvidia’s AI datacenter infrastructure, as it joins an increasing number of Wall Street firms that are embracing AI technologies.
This Week: Linedata acquires DreamQuark, Tradeweb, Rimes, Genesis, and more
A summary of some of the latest financial technology news.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Euronext microwave link aims to cut HFT advantage in Europe
Exchange plans to level playing field between prop firms and banks in cash equities with cutting edge tech.
Why recent failures are a catalyst for DLT’s success
Deutsche Bank’s Mathew Kathayanat and Jie Yi Lee argue that DLT's high-profile failures don't mean the technology is dead. Now that the hype has died down, the path is cleared for more measured decisions about DLT’s applications.
‘Very careful thought’: T+1 will introduce costs, complexities for ETF traders
When the US moves to T+1 at the end of May 2024, firms trading ETFs will need to automate their workflows as much as possible to avoid "settlement misalignment" and additional costs.
Most read
- Sell-Side Technology Awards 2024: All the winners
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg