Regulation
Industry Steps Up Calls for European Consolidated Tape
Traders in Europe face rising data acquisition costs and increasing regulatory reporting pressures argue that a pan-European consolidated tape is long overdue.
Growing Sanctions Complexity Causes Headaches for Traders
As more sanctions are issued, and become more complicated, firms find greater need for a monitoring service.
Wavelength Podcast Episode 162: IEX on the Transaction Fee Pilot
IEX’s John Ramsay joins to talk about the SEC’s proposed Transaction Fee Pilot and why he thinks it should move forward.
NYSE President Sees Tech as Key to Big Board's Next Evolution
A look at the massive tech projects (and legal battles) underway at the NYSE, which are being led by Stacey Cunningham.
IBM and Thomson Reuters Expand Regtech Partnership
The new offering will directly connect TR’s regulatory feed and IBM’s OpenPages with Watson platform.
SEC’s Redfearn: US-Style Consolidated Tapes Won’t Solve Trading Data Needs
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
Less Than Half of Trade Reports Match Under EMIR
Data from Esma shows that just 40% of swaps trade reports match under two-sided reporting regime.
Ethereum Group Launches Token Standards Drive
The initiative seeks to create common language around tokens to foster wider adoption among institutional investors.
Banks and Bourses Increasingly Combine Cloud, AI for Data Projects
The combination of the two technologies is bearing fruit for firms struggling with legacy architectures, but education and talent remain tough obstacles to overcome.
Torstone Buffs Middle-Office Bona Fides with Percentile Buy
Torstone will add a risk management component to its post-trade platform through its acquisition of the vendor.
Banks Brace for ‘World’s Largest Corporate Action’ as Libor Switch Looms
The transition away from Libor is a mammoth task for the banking sector—one that the industry is increasingly finding itself woefully unprepared for. By Hamad Ali
Bloomberg Plans to Exit SSEOMS, KYC Business Lines
Sources say that this will allow the information giant to focus on more valuable business lines.
Acquisitive Exchanges Find Dealmaking is Only Half the Battle
While the large-scale exchange mergers of yesteryear may be over for now, regional bourses are still finding themselves in the M&A crosshairs. Yet for those operators that pick up smaller rivals, technology and data integration often prove to be trickier…
Fund Managers Re-Engineer Data Workflows for N-PORT
With more frequent and granular reporting for fund managers looming, firms have had to figure out how best to connect all the data needed to meet the new requirements. This has necessitated a widespread change in how data is moved throughout an…
Banks Forge Cloud Agreements to Split Accountability
Banks are trying to split responsibility for their operating environments with the major cloud providers. Regulators are having none of it.
Safe as Houses
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
Banks and Buy-Side Firms Encounter Challenges with Public Cloud Adoption
Moving to the public cloud is not as simple as flipping a switch. Anthony Malakian speaks with early public cloud adopters to find out some of the lessons they’ve learned along the way.
Inside the FCA's Brexit Plans: Nausicaa Delfas, Executive Director of International
With over 25 years of experience in law and shaping regulatory policy, Nausicaa Delfas is tasked with one of the biggest challenges of her career yet—tackling Brexit.
Wavelength Podcast Episode 158: Giancarlo’s Swan Song; Crypto Madness; DTCC/ASX Blockchains
A discussion about blockchain projects in the capital markets, the crypto space and further delays for the CAT.
CAT NMS Committee Proposes Five-Month Delay to Broker Reporting
Under new plan, industry participants will begin reporting equities in April, with testing to commence in December.
Crypto at the Crossroads as Exchanges Weigh Traditional Market Structures
Questions of price discovery and centralized infrastructure point to an asset class that may have to lose its rebellious luster to become more widely accepted.
CFTC Chair Says Agency is ‘Finally’ Getting Resources to Bolster Tech
Giancarlo lauds budget approval from Congress in swansong industry appearance.
Cboe Gains Approval for Dutch Base
US exchange group receives regulatory nod for Amsterdam operations, and appoints a new head to run the EU entity.
Get the Pitchforks
While no one involved in the building of the stalled Consolidated Audit Trail is free from blame, Anthony says there are reasons to believe the CAT won’t ever materialize, regardless of the plan processor.