A perfect storm of regulation and accelerated tech advancement is forcing modernization unlike anything the markets have seen before, says Nasdaq’s Gil Guillaumey.
Waters Wavelength Podcast: Tim Baker on Cusip lawsuit, data copyrights, and innovation in market data
Expero’s Tim Baker joins the podcast to talk about the ongoing Cusip suit and regulatory intervention in the market data space.
The proposal to overhaul volume-based rebates for agency brokers may create significant shifts in liquidity, order routing, and competition. And industry practitioners are split on whether it’s for better or for worse.
Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.
Not everyone saw eye to eye at a European Commission roundtable discussing how to shorten settlement cycles, but most participants recognized the need to make the transition to T+1.
Balancing a market data budget is challenging enough, but it’s even harder when cost pressures are tight, and when fees and discounts create extra confusion.
Data accuracy issues are hampering some firms’ regulatory reporting abilities. So why aren’t data professionals more involved? And how can compliance costs be turned into revenue drivers?
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
US market risk capital requirements could more than double if banks abandon IMA
Price gouging? New study finds market data providers consistently inconsistent in pricing, discounts
As the industry awaits the FCA’s findings from its Wholesale Market Data Study, end-users pin their hopes on the prospect of relief. But a new study from Substantive Research details the enormous pricing disparities that must be tackled.
With the SEC’s approval of spot Bitcoin ETFs, Max explains why reference data will take on greater importance—whether non-data people know it or not.
The European Commission has said neither the Isin nor the UPI is ‘suitable’ for price transparency, and proposed modified alternatives in an industry consultation.
Anthony examines some of the biggest stories from the past year to preview what might be ahead.
Stop me if you've heard this one before...
As firms prepare for T+1 in May 2024, DTCC’s Val Wotton says they should also consider the complexities for cross-border trades.
While the CFTC says the bank is to blame for record-keeping failures that transpired at the start of the pandemic, others say it was two vendors who let the bank down.
This week, Joe Wald from BMO joins the podcast to discuss the SEC’s market structure proposals.
Regulators in the US and Europe have turned their sights on execution management system providers. Anthony examines some of the questions the industry is trying to answer.
Through Finos, a project that started internally to help Citi get a better handle on its cloud controls now includes the likes of Goldman Sachs, Morgan Stanley, RBC, BMO and LSEG.
Shortening settlement times are pressuring firms to do more, faster. IBM’s Soren Mortensen argues that genAI and ML can help eliminate errors and speed up post-trade processes.