Regulation
Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
Lessons from credit: Could all-to-all help Treasury markets?
Regulators are looking to all-to-all trading as a possible solution for worrying volatility and deteriorating liquidity in US Treasury markets.
Banks express concern over top venues’ bid for EU consolidated tape
End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.
Reg SCI expansion set to increase broker-dealer systems scrutiny, reporting
The SEC is preparing to drastically expand the scope of Regulation SCI, which covers IT systems critical to the smooth functioning of the markets. But in the absence of formal proposals so far from the regulator, how can affected firms prepare for new…
Anna on track for Isin review deadline
The registrar of the barcode for financial instruments has adapted its systems to reflect the updated standard, ahead of February 2023.
FTX failure resets US crypto legislative program
Lawmakers expected to seek stronger customer protection; industry wants flexibility for DeFi
Regulated firms warn against crypto market lockout
Onshore participants urge regulators to bring cryptocurrency trading out of the ‘shadows’
Industry mulls identifier schema for digital assets
As crypto markets face a reckoning in the wake of the FTX scandal, standard-setters and industry participants say identifiers for tokens are key for the industry’s stability.
Podcast: Leveraging real-time data feeds for faster business decisions
The markets have been on a very volatile ride in 2022, which makes low-latency data more crucial to the business.
Bloomberg, MarketAxess, Tradeweb probe three tech partners for consolidated tape bid
Venue-led consortium plans to pick a winner before EU regulators begin tender process – anticipated in third or fourth quarter of 2023.
Regulation of fixed income faces pivotal year ahead
Jo says the SEC’s Treasuries-focused regulatory agenda will come to fruition next year, and tech vendors will face the burden of those proposals.
Howson on steering Cboe past potholes and traffic cops
The head of the world’s largest options exchange discusses SEC regulation and SPX appeal.
Fees rise and questions linger as Esma ramps up analytics capabilities
The EU regulator’s expanded supervisory powers and big data capabilities have caused some confusion on how the data will be used and how Esma’s new role will shape reporting regimes.
EU Regulator: Incoming rules will arm financial institutions to negotiate cloud contracts
While the new rules will eat into financial services resources, regulators say they will also offer safeguards for managing cloud agreements.
A Fireside Chat with CompatibL's Alexander Sokol
Alexander Sokol discusses pricing and risk models for interest rate derivatives and how incumbent models can be improved.
Is disruption finally coming for the index business?
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
More trading venues face extra supervision under FCA plan
“Woolly” rules fuel concern that bulletin boards and tech providers could be swept in
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.
Will there ever be one TR to rule them all? No chance…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
The newest trade repository in town preps for uphill battle
Ex-head of CME Group’s repository services looks to disrupt regtech with his startup, recruiting talent from market structure firms that have scaled back regulatory reporting businesses.
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.
Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.