Financial industry Regulatory Authority (Finra)
NRS Releases Module to Address Finra Rule 4530 on Customer Complaints
ComplianceMax (cMax) Customer Complaints Module manages, utilizes and archives info on customer complaints.
Finra Puts the Brake on Cards
Finra CEO Richard Ketchum says regulators will not proceed with Cards proposal until concerns are addressed.
GFI Releases Electronic Trading Platform for Odd Lot Corporate Bonds in US
Service comes via CreditMatch with plans to extend it into a fully-executable CLOB in Q3 of 2015.
Compromise in the Cards
Industry members raise concerns as the potential implementation date for Finra's Cards comes closer
Former Markit, TRACE Exec Lefferts Makes Swift Move
Lefferts was also responsible for the TRACE fixed income reporting feed at FINRA.
Why Clock-Watching is Good
Perseus' Jock Percy looks at the need for clock standardization.
Finra Releases Cybersecurity Practices Report
Eight sections with suggested practices broker-dealers should adopt
The Big Deal with BYOD
The journey of BYOD policies in financial services
Finra Posts 2015 Regulatory, Exam Priorities Letter; New Audit Trail Team to be Created
Outsourcing, cybersecurity & trading tech areas of interest
2014 Review: Cloud Makes Crucial Gains, Despite FinQloud Exit
The financial data industry continued to pursue cloud adoption in 2014 to achieve IT cost efficiencies and manage rising volumes of data, despite one of the key financial cloud players pulling out of the business.
Skepticism Builds for Chief Data, Analytics Officer Roles as CTOs, CIOs Dig In
CDO & CAO roles have been slow to develop on the buy side
Public Cloud Gets Vote of Approval from Panelists at Waters USA
Finra's CIO says public clouds are more secure than traditional DCs
FINRA, MSRB Push for Bond Reference Price Disclosure
Industry rulemaking bodies FINRA and the Municipal Securities Rulemaking Board are seeking comments from the industry on proposals to make bond dealers disclose same-day trade prices in the same security on trade confirmations sent to clients for retail…
CAT Conundrum: SROs, Vendors Vie to Build Consolidated Audit Trail
In 2012, the US Securities and Exchange Commission passed Rule 613, requesting the industry to develop a plan to build and run a platform capable of tracking and storing information on every order, cancellation, modification and trade execution for…
Fair Play? The Balancing Act of Finra's Involvement in the Selection and Bidding of the CAT
The fact the Financial Industry Regulatory Authority is involved in both the selecting and bidding of the Consolidated Audit Trail has caused the regulatory body to take some heat.
SROs Submit Plan for Audit Trail, Initial Costs Estimates Average $53 Million
A group of self-regulatory organizations (SROs) selected by the Securities and Exchange Commission (SEC) submitted its plan to build, implement and maintain the Consolidated Audit Trail (CAT) that will track activity in every National Market System (NMS)…
Finra Proposes Rule to Protect Investors, Analyze Brokerages
The Financial Industry Regulatory Authority (Finra) has begun soliciting comments for a proposed rule that would require brokerages to periodically report information on their securities accounts and the securities accounts for which they clear.
Exchanges, FINRA Reveal CAT Operator Shortlist
US self-regulatory organizations, including US exchanges and regulator FINRA, have selected six potential candidates for the role of processor of the US consolidated audit trail (CAT), which will capture all trades, quotes, cancellations and other…
Exchanges, FINRA Inch Closer to CAT Plan
US self-regulatory organizations including the US exchanges and regulator FINRA are preparing to narrow down the list of candidates for the role of processor of the US consolidated audit trail (CAT), which will capture all trades, quotes, cancellations…
Industry Firms Consult on CAT NMS Plan Response
As self-regulatory organizations evaluate bids to become the Consolidated Audit Trail processor, the Development Advisory Group of industry firms and organizations will offer input on related time stamping and manual order issues
Opening Cross: Everything Comes at a Cost, Even Cloud
Any discussion of return on investment relies on the ability to measure two things: the return generated, and the amount spent to achieve it. In the world of market data, the question is, “How much money can I make as a result of buying and using dataset…
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
SROs Deploy Advanced Tech to Keep Up with Members
Self-regulatory organizations can’t tap into company profits like banks, nor can they rely on taxpayer funding like government regulators. Still, using only membership dues, they must carry out their registration and surveillance functions of national…
