Securities and Exchange Commission (SEC)
FIF's Kimmel Named to SEC Market Structure Committee
The US Securities and Exchange Commission has set up a new Equity Market Structure Advisory Committee, staffed by senior executives from the trading and financial technology industries, including Manisha Kimmel, managing director of market data industry…
New SEC Rules Increase Transparency in Security-Based Swap Market
Reporting rules, guidance on security-based swap transaction proposed
SEC Equity Market Structure Committee Full of Tech Faces
New group formed to tackle growing issues
BATS Settles Direct Edge Case with SEC
Exchange operator pays $14m to regulator over legacy issues.
Nasdaq, BATS Interested in Running Dark Pools for Banks
Both exchanges have been in contact with banks, according to reports
Finra Posts 2015 Regulatory, Exam Priorities Letter; New Audit Trail Team to be Created
Outsourcing, cybersecurity & trading tech areas of interest
The Impact of Reg SCI
Will the SEC's newest reg have a lasting ripple effect
SEC Preps Company Data Downloads
The Securities and Exchange Commission has begun a pilot program to make financial data reported by companies available via the SEC's website for download and analysis by investors and academics.
SEC Data Discrepancies Affect Reference Data
Differences between private and public feeds cause conflicts in historical pricing records
SEC Votes to Strengthen Systems Compliance and Integrity
Regulation Systems Compliance and Integrity requires entities to have a plan for when systems fail.
AxiomSL Unveils New Regulatory Solution for Broker-Dealers
The tool addresses SEC rules 17a-5 and 15c3-1.
Battles Over Data's Value
Debate about privacy and value of retail consumer data illustrates similar issues with financial industry data. Financial services firms and proponents of open standards are seeking ways to break others' grips on valuable data
Opening Cross: Will Cost Concerns Neuter Future Litters of CATs?
Belgian beer-maker Stella Artois’ long-running “Reassuringly Expensive” ad probably didn’t win fans among market data managers, who continue to shudder at the thought of any kind of cost increase.
CTA, UTP Revisit Consolidated Tape Fees
The Consolidated Tape Association (CTA) and the Unlisted Trading Privileges (UTP) Plan, which together oversee the collection and distribution of the consolidated tapes of quote and trade data for US equity markets, have proposed new fee policies for the…
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)…
BATS Delays New Feed Launch After SEC Extends Review Period
BATS Global Markets has delayed the launch of its BATS One consolidated feed of data from the four equities markets operated by its BATS and Direct Edge exchange, after the Securities and Exchange Commission extended its 45-day period by a further 45…
SEC Taps SmartStream for Reconciliations Data
The US Securities and Exchange Commission (SEC) has selected SmartStream's TLM Reconciliations Premium and SmartRecs products to enhance its front-line oversight division's capabilities.
Opening Cross: The Challenge of Achieving True Data Transparency
Transparency has been a focus for regulators and market participants in the wake of the financial crisis as they try to combat the potential impact of illiquid assets and imperfect market structures. And transparency—albeit of a different sort—was also a…
SEC Continues Data Focus with Risk Analytics Office
The US Securities and Exchange Commission (SEC) has announced the formation of a new office within the Division of Economic and Risk Analysis (Dera), which will develop data-driven tools to support regulatory activities.
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
IEX Hires Ramsay for Regulatory Role
Venue operator IEX has announced that John Ramsay will take on the post of chief market policy and regulatory officer at the firm.
Blaszkowsky Joins State Street
David Blaszkowsky, a data regulation executive at the Office of Financial Research and the US Securities and Exchange Commission in recent years, has been hired as a senior vice president of data governance at State Street
Opening Cross: Market Data Meteorologists: Forecasting the Many Faces of Cloud
Over 200 years ago, British chemist and amateur meteorologist Luke Howard laid the foundations for the classification of clouds used today, which, in their various forms, can resemble anything from gauzy material shrouding the sky, to flying saucers,…