European Securities and Markets Authority (Esma)
Exchanges, Brokers Face HFT Surveillance Challenge
Although the benefits and drawbacks of high-frequency and algorithmic trading have been debated endlessly, the ability to perform competent and reliable surveillance on these operations is an area often relegated to the back rooms of conferences. James…
ESMA Launches Hosted IT Tender Process
The European Securities and Markets Authority (ESMA) has launched a tender invite for firms to provide a managed IT infrastructure service.
James Rundle: The Third Time’s the Charm
Talk about a third iteration of the Markets in Financial Instruments Directive may be slightly premature, but it’s more than background noise at the moment. Given the weight of regulatory reform under way, James asks if the industry can take more…
OTC Reporting Rules Commence in Europe
Tough new rules on the levels of disclosure required for over-the-counter (OTC) derivatives trades begin in Europe today, aimed at bringing transparency to a formerly opaque market.
Fidessa Unleashes Market Abuse Monitor for Europe
UK-based vendor Fidessa has announced the release of the Market Abuse Monitor surveillance tool for its sell-side clients in Europe.
Trans-Atlantic Regulatory Storms
Features in the upcoming March issue of Inside Reference Data identify continuing conflicts over identifier and tax regulations and standards, describing how these divert attention from data management improvement possibilities
Kyte Group Integrates b-next Market Abuse System
Clearing and broking provider Kyte Group has rolled out b-next's multi-asset, multi-venue market abuse surveillance system, CMC:Suite.
ESMA, EBA Recommend Euribor Rate-Setting Revamp
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have penned a set of new proposals for improving the process by which the Euro Interbank Offered Rate (Euribor) is decided.
Can Vendors Ease Compliance Burden?
As yet another regulatory reform takes effect—the European Securities and Markets Authority's regulation on short selling—Imagine Software's Brian Miranda says firms are struggling under the weight of it all.
Open Platform: Short Sighted on Short Selling
Today, the ban on short selling in the European Union comes into force. It will have potentially harmful effects on market quality, while producing few benefits.
Esma Recommends Use of LEI For Emir
Paris-based regulatory body says that if a global legal entity identifier is available and endorsed by the European Union, it should be used as part of reforms to the over-the-counter derivatives market in Europe. Otherwise, an interim entity identifier,…
Sense and Sensitivity
Although compliance spend is skyrocketing upwards in advance of new regulations, and there are technical revamps involved, a lot of the processes involved are described as common sense by many. Despite this, there's still an element of over-reach to some…
FOA Provides Risk Management Guidelines for ESMA Compliance
The Futures and Options Association (FOA), a pan-industry representative body for firms engaged in the trading of derivatives, has published a set of guidelines aimed at providing granular detail for recent European Securities and Markets Authority (ESMA…
Irish Wealth Manager Davy Implements SunGard's Protegent
SunGard says that Davy, an Irish financial services firm, will implement its Protegent Market Abuse solution, to provide surveillance across equity and bond trading operations.
Race to the Finish as Euro Short-Selling Ban Nears
Firms are considering their strategies over impending regulation for trade practices.
Latest FpML Version Addresses CFTC Reporting Requirements
The latest version of the Financial products Markup Language standard includes new templates for the US Commodity Futures Trading Commission's requirements to report to swap data repositories and for real-time reporting purposes
The Center Ground: CCPs Could Shift—Not Eliminate—Systemic Risk
On July 4, 2012, the Council of the European Union adopted a regulation that will see standardized derivatives contracts in Europe cleared through central counterparties. Designed to reduce systemic risk in the over-the-counter derivatives markets, how…
Fear and Loathing in London
There have been notable industry tech failures recently, but what about the regulators?
ESMA Emphasizes Compliance Under Mifid
European regulator labels compliance function as critical to a firm's operation and mandates resource allocation.
European Council Adopts Derivatives Rules
CCP clearing and trade repository reporting ratified by supranational body.
Back Offices Under Pressure in Drive Toward T+2
Regulators on both sides of the Atlantic are squeezing the settlement process.
Progress Issues Latest Surveillance and Monitoring Release
The new Apama solution has capabilities to support the latest ESMA guidelines, among others.