Securities and Exchange Commission (SEC)
Regulators, startups eye transparency efforts for private companies
When it comes to private companies, data transparency still lags its public market equivalents, and a lack of data quality and availability is a barrier to increased investor participation. But an alliance between a startup and niche brokers is aiming to…
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
People Moves: OCC, Enfusion, Exegy, IQ-EQ, and more
A look at some of the key "people moves" from this week, including Bronwen Bastone (pictured), who joins Enfusion as chief people officer.
Regulators turn gaze on ESG rating providers—for better or worse
Governments around the world are looking to clamp down on providers of ESG ratings and data products. Jo wonders what the implications could be for a still nascent market.
Fee filings cloud hopes for cheaper NMS data
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
Former clearing head urges ‘reasonable regulation’ of crypto
Industry participants are complaining that the current regulatory approach is ‘painful’ and doesn’t embrace innovation.
Waters Wrap: On cloud migrations and VCRs
Financial services firms are increasingly embracing public cloud offerings, but there have been stumbles along the way, including around scalability, throttling, and a lack of true multi-cloud connectedness. These are lessons that must be learned if…
People Moves: Calastone, Securitize, Esma, State Street and more
A look at some of the key people moves from this week, including Ahsan Raza (pictured), who has joined Calastone as chief financial officer.
Murky road ahead for consolidated tape plan administrator in the US
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
From burst to bust: What happens when cloud runs dry?
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
Confusion remains over SEC’s market data efforts
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
SEC’s CT Plan timetable is ‘unrealistic’
Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
People Moves: Exegy, SEC, Clearwater Analytics, KopenTech, Lightspeed, Databricks
A look at some of the key people moves from this week, including Craig Schachter (pictured), who joins Exegy as chief revenue officer
Market data hopefuls await deadline with bated breath
August 9 is when regulators could approve the governance plan for the new system of datafeeds in the US. Jo says this would be an important step forward for those hoping to create new businesses under the regime.
Disinformation campaigns coming to a Wall Street near you
Rebecca examines the tangled web woven between Reddit, meme stocks, and QAnon, and asks how well prepared data providers looking to jump on the meme stocks bandwagon are to recognize organized disinformation campaigns.
Now that Oats is scrapped, regulators will have to (Cat)ch up
Retiring Oats is a milestone on the long and winding road to Cat implementation, but the SEC must make some major decisions in a very short timeframe before the Cat journey is over.
Farewell, Oats: Finra announces retirement date
Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Oats retirement imminent as Cat maintains data quality, Finra says
Oats reporting could be fully migrated to the Consolidated Audit Trail and the Oats system retired as early as June 30.
This Week: Bloomberg, Ice, DTCC, & More
A summary of some of the past week's financial technology news.
Waters Wrap: Buzzwords and the hype machine (And editorial judgment)
Anthony previews some of the major trend topics that WatersTechnology will look to cover over the next eight months.
SEC overstepping authority in NMS plan, Nasdaq claims in court
Nasdaq's counsel argued that the regulator does not have the power to give more votes to non-exchange organizations in the Sips' operating committees.
People Moves: LSEG; Broadway; Pirum; CFTC/Citadel Securities; SEC/Coinbase
A look at some of the key people moves from this week, including Sabrina Bailey (pictured), who has been appointed by LSEG to lead its wealth solutions business in the US.
Data disruptors face uphill battle to overcome credit ratings stagnation
With traditional ratings agencies facing increased hostility from financial firms, new entrants are hoping to reshape ratings. But will fresh approaches appeal to an industry underwhelmed by existing offerings?