United States (US)
UK divergence on trading venue perimeter threatens more costs and a complex compliance landscape
The FCA is in the middle of a tug of war over the definition of a trading venue. Will it diverge in a bid to present itself as a competitive market internationally or align with its EU partners?
SEC deadline raises existential questions for US market data
This month, the commission must decide on a fee filing under its market data modernization efforts. Jo wonders how likely we are to see those efforts materialize any time soon.
Pick a lane: Anna DSB to rival CDM coded swaps reporting?
Dual machine-executable rules are set to create choice—and maybe bifurcation—for swaps reporting
Finos will host common domain model for Isda, Isla and Icma
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
In finance, all APIs are not created equal
With the rise of APIs, it’s easier than ever for companies to position themselves as open to collaboration and eager to provide access, but some of these access points tell a different story under the hood.
Banks may spend ‘billions’ to stop quantum hacking threat
Quantum-proof algo standards are nearing completion, but enhanced cryptography won’t come cheap.
Rival platforms battle to control electronic trading of CLOs
Octaura has the backing of dealers, while Kopentech is leaning into its buy-side roots
SocGen to move datacenter footprint in Americas to AWS, Azure
SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.
Europe could face settlement squeeze with T+1 proposals and CSDR fines
Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.
Federal court denies motion for early judgement on Cusip numbers’ copyrightability
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
PFOF regulation and market data: What does the future hold?
As a Congressional report delves into Robinhood's response to the meme stock frenzy of early 2021, Jo wonders how future regulation of payment for order flow will impact market data pricing.
FactSet blends ML, NLP for predictive data analysis
The vendor is drawing on its vast collection of data to develop predictive signals for credit ratings, shareholder activism and more.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
This Week: Finos, LSEG, Neptune & Genesis, Deutsche Börse & Kaiko, Ice & More
A summary of the latest financial technology news.
This Week: Microsoft/CaixaBank, Bloomberg, Cboe/Morningstar & More
A summary of the latest financial technology news.
Beyond the 'big red blob': UBS sees future in data mesh for analytics
The Swiss bank has started a journey to implementing mesh data architecture, a new concept for federated data availability in enterprises aimed at getting value out of analytical data.
Symphony brings Web3 to KYC with new ID service pilot
Symphony Communication Services is piloting an experimental ID service that uses Web3 and DeFi concepts to automate and reduce the burden of tasks like know-your-customer, onboarding, and reporting.
When machine learning goes awry, here's how to do better next time
Executives from JP Morgan, Morgan Stanley, and BNY Mellon discuss the lessons learned through experimenting with machine learning at their firms.
LSEG-MayStreet: From direct feeds revamp to reg tools, industry sources outline rationale for deal
The acquisition of the 10-year-old vendor will give the exchange group high-quality market data, low-latency direct feeds, and packet-capture capabilities, experts say.
BlackRock calls for blockchain to fix futures processing snags
The asset manager wants the industry to move faster in adopting a “single source of truth” model.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Goodbye datacenters, hello cloud: Fidelity’s asset management arm goes all in on AWS
The firm has migrated nearly 99% of its trading applications to the cloud and is on track to sunset all on-premises datacenters.
Man Group revamps data science platform to tackle data deluge
The London-based investment manager spent four “long and intense” years rewriting its data science platform, Arctic.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.