The lack of a reporting template means “people can give the least amount of data possible”, warns a bank CISO, stymieing data sharing.
After the European Commission released its proposal for an EU consolidated tape last week, Anthony explores some of the unanswered questions that still linger and what the greatest roadblocks appear to be.
Governments around the world are looking to clamp down on providers of ESG ratings and data products. Jo wonders what the implications could be for a still nascent market.
The vendor is introducing additional alerts for trade surveillance to help tailor its solution for OTC fixed income.
Market participants worry a venue-led CT could be of low quality, with CT data used to create expensive additional products.
Vendors grapple with unstandardized data reporting and data gaps in their push to develop a consolidated tape, as the EU prepares to unveil its latest legislative plans.
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
Sources ID Ice and DTCC as suitors, but new owners may not bring relief to users paying millions.
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
The tech giant believes its AI tools have a multitude of applications across some of the complex data challenges of financial markets, and it’s starting with the manual and complicated world of corporate actions. Some believe it will be an uphill battle.
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
A summary of some of the past week’s financial technology news.
Custodians are being urged to update “antiquated technology” ahead of a three-fold jump in phase six initial margin onboarding.
Bloomberg, Broadridge, and Finra have all recently made news in the world of standards and identifiers. Anthony looks at some of the questions the reporters at WatersTechnology will be asking going forward.
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
Anthony believes these advancements will provide the opening for Big Tech firms to created outsized influence that will change financial technology forever.
More than 1,000 segregated accounts for uncleared margin may still need to be opened post-deadline.
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
August 9 is when regulators could approve the governance plan for the new system of datafeeds in the US. Jo says this would be an important step forward for those hoping to create new businesses under the regime.
Deal for multilateral compression provider latest in wave of post-trade tie-ups, as SA-CCR bites