Regulation
Simm May Come with a Side Benefit—A Common Data Standard
Buy-side firms using AcadiaSoft for Simm calculations must adopt the ORE XML data format.
SEC, Exchanges Clash Over Revised Consolidated Tape Plans
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
Opportunity and Caution Abound with Extra Year for UMR
With the uncleared margin rules deadline extended, firms have an additional year to prepare, but they must do so while navigating the coronavirus pandemic and its economic fallout.
Banks Race to Adapt AML Systems for the Coronavirus Age
Lenders expect regulatory lashing if controls fail to keep pace with changes in criminal behavior.
This Week: ICE, Nasdaq/R3, BMLL/OpenFin, DASH
A summary of some of the past week’s financial technology news.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
Covid-19 Reveals Need for Better Comms Plug-Ins for Traders
Traders should have real-time voice modules in trading systems and the ability to add detailed notes to replicate trading floor experience.
Ion’s Wrists Slapped in Probe of Broadway Deal
The competition watchdog extends its initial investigation after Ion failed to comply with a call for info.
Earn It? Burn It
Jo looks at an attack on end-to-end encryption that is winding through the US law-making process this month.
SEC Issues Another CAT Reprieve as Monday’s Milestone Passes Quietly
While the CAT is now live, few—if any—are reporting. Additionally, there are still concerns among large broker-dealers about the CAT Reporter Agreement.
Symphony Hires Brad Levy as Chief Revenue Officer, Plans Second Meetings Launch
The former MarkitSERV CEO joins Symphony as the collaboration platform vendor prepares to release a new videoconferencing service by the end of June 2020.
Bloomberg: Regulation Driving Demand for ESG Activities Data
Ratings providers must update their products, as a raft of new regulation drives transparency in the sustainable investing sector.
AI Fraud Systems Frazzled by Covid-19
Seismic changes in customer behavior are seeing machine learning solutions throw out false positives.
Former HSBC Transformation Head: Weathering the Crisis as a Start-Up
This is a difficult time for most businesses, but start-ups are particularly vulnerable as they struggle to manage cash flow.
Trading Venues Aim to Unlock Value of Green Bonds
Tech providers are looking for ways to increase liquidity in climate bonds, a tiny but fast-growing corner of the fixed-income universe.
FCA Sizes up Alt Data for Insider Trading, Irking Funds
The UK regulator is examining new data sources’ potential to confer an unfair market advantage.
LSEG To Build DLT PoC for Equities Settlement
The exchange's blockchain architect says the product is being prepared for testing in the FCA's sandbox.
Lighting Up the Black Box: A Must for Investors?
Many quants contend that you must be able to interpret machine learning in order to use it.
Coronavirus Crisis Highlights Need for More Informed Risk Calculations
Calculating risk sensitivities—the main point of FRTB—took on new importance as the markets dropped amid the Covid-19 global pandemic.
Aegon Asset Management Partners with ACA Compliance for Surveillance
The firm is using ACA's Decryptex to identify fraudulent trading behavior.
FCA and BoE: Evaluate Your Third Parties
Consultation on new rules is set to close on April 3, but regulators are reviewing deadlines as firms are under pressure due to the coronavirus.
Industry Given CAT Relief Due to Coronavirus [UPDATE]
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
This Week: Nasdaq, Trading Technologies/Nodal, Finantix, GLMX/UnaVista
A summary of some of the past week’s financial technology news.
TISA Selects Atos for Mifid II Reporting Utility
The technical solution will be built on blockchain with the first iteration slated for Q3 roll-out.