SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

Many memorable boxing matches have buoyed themselves in the public’s memories through catchy nicknames. The Thrilla in Manila. The Rumble in the Jungle. The Fight of the Century. But in the financial services space, the Securities and Exchange Commission’s decision to take steps against the growth of unregulated AI usage will not only be memorable, it will also define the next era of the technology’s interactions with the capital markets space. All it needs now is a catchy nickname.

With the

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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