The exchange settles after multiple investigations conducted into outages and systems issues over past several years.
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
The regulator added new guidance around cybersecurity disclosure controls and insider trading.
Market data fees charged by exchanges continue to be a bone of contention for banks, electronic trading firms and asset managers. And although recent events playing out in the US are adding fuel to the fee fire, frustration levels are rising in Europe…
The idea of self-regulation makes for a good soundbite, but the practicality of the matter leaves much to be desired.
When the Consolidated Audit Trail failed to go live in November last year, questions came as to why—but answers were not easy to come by.
Once used as payment for shady deals, digital currencies have long been the domain of speculators and retail investors. But the wild price increases of the past year have led institutional investors to sniff excitedly at the loins of the cryptocurrency…
The SEC’s Consolidated Audit Trail (CAT) of US equities trade data hit a fresh snag in late 2017, missing a major deadline for reporting, blaming insufficient cyber defenses. As it marches into another crucial year, Tim Bourgaize Murray reports on the…
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
Recent appointments at the US Securities and Exchange Commission have led some firms to believe regulators and policymakers will finally start to address what they believe to be opaque pricing structures for market data at exchanges. Joanne Faulkner…
The two proposals could bring settlement down to a day-and-a-half from time of trade, but still need more feedback from the industry.
As Mifid II's deadline approaches, US firms affected by the rules are still waiting for regulators to resolve crucial conflicts between European and American laws, and are likely to be making adjustments well after the deadline has passed, reports…
The pick of Waters' coverage stretching from bitcoin becoming an asset class to exchanges launching futures.
Lobby group is looking at other types of data that it can suggest to the SEC for use in the CAT.
Thesys, in a hearing at a Congressional committee, also said it has lined up over 20 candidates for a chief information security officer post.
Market participants express concern over potential risks these contracts could pose to clearinghouses, as exchanges self-certify contracts for trading.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.
Participants refuse to say whether reporting will begin as scheduled after a last-ditch delay effort was rejected by the SEC.
Market Data Protection Act will increase security requirements for market data held by the SEC and FINRA, lawmakers say.
Digital commodities such as bitcoin have captured the imagination of exchange operators but regulators—and even some market participants—are hesitant.
John recaps some of Sell-Side Technology's best stories of the week, including fixed-income technologies, uncertainty around the CAT, and Waters' November features.
The wide-ranging project will not be delayed, even if aspects of its data collection change.
Two buy-side risk officers believe that the SEC put too much faith in the vendor community when making its liquidity rules, specifically for fixed income.
The key themes from this year's industry mega-event.