As crypto markets face a reckoning in the wake of the FTX scandal, standard-setters and industry participants say identifiers for tokens are key for the industry’s stability.
Venue-led consortium plans to pick a winner before EU regulators begin tender process – anticipated in third or fourth quarter of 2023.
The EU regulator’s expanded supervisory powers and big data capabilities have caused some confusion on how the data will be used and how Esma’s new role will shape reporting regimes.
“Woolly” rules fuel concern that bulletin boards and tech providers could be swept in
The FCA is in the middle of a tug of war over the definition of a trading venue. Will it diverge in a bid to present itself as a competitive market internationally or align with its EU partners?
Dual machine-executable rules are set to create choice—and maybe bifurcation—for swaps reporting
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
Bloomberg, MarketAxess and Tradeweb will join forces to create an independent company and will submit a request for information in search for a third-party vendor to partner with.
‘Cost of Esma’ crisis for largest European regulated data reporting and publishing firms.
Firms worry that regulating a broader net of firms could unravel progress in fixed income electronification and raise costs for market participants
As data quality issues are a main impediment to a viable consolidated tape in Europe, Dutch regulator AFM has helped develop pilots in its Innovation Hub sandbox.
While there is no consensus on whether ESG ratings providers should be regulated, asset managers largely agree that more transparency into their vendors’ methodologies is needed.
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
Firms say changing SLAs and getting required information from vendors like AWS, Azure and Google Cloud is a heavy burden.
A look at some of the key people moves from this week, including Erik Thedéen (pictured), who has been appointed vice chair of Esma.
After the European Commission released its proposal for an EU consolidated tape last week, Anthony explores some of the unanswered questions that still linger and what the greatest roadblocks appear to be.
The vendor is introducing additional alerts for trade surveillance to help tailor its solution for OTC fixed income.
Market participants worry a venue-led CT could be of low quality, with CT data used to create expensive additional products.
A look at some of the key people moves from this week, including Ahsan Raza (pictured), who has joined Calastone as chief financial officer.
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
Anthony examines a proposed protocol in Europe that would help keep liquidity flowing if there’s a major exchange outage. He also discusses innovation in the realm of ESG, and Esma’s new data analytics platform.
The consultancy will provide on-demand tooling for analyzing data collected from Data Reporting Service Providers.
In the absence of a consolidated tape for debt securities in the EU, vendors with different approaches to distributing fixed-income market data are emerging.