Regulation
FCA Approves Bondcube as Crossing Network
Bondcube, an electronic fixed-income trading system that aims to match buyers and sellers of difficult bond orders, has received approval from the UK Financial Conduct Authority (FCA) to operate as a crossing network.
The Leveling of Bitcoin
A documentary film about Bitcoin, given exposure at the Sibos conference, doesn't get around to the elements of the cryptocurrency that could actually find their way into financial industry operations reality
Russian Sanctions Create Identifier Issues
Tracking US and EU sanctions of Russian entities extends to around 7,500 subsidiaries and affiliate relationships—and any debt or equities issues from them—leading to more demand to manage identifier data, says a Thomson Reuters regulation specialist
Esma Consults on NDF Clearing
The European Securities and Markets Authority (Esma) has opened a consultation on the clearing of foreign-exchange (FX) non-deliverable forwards (NDFs).
Esma Releases Final Draft Standards for IRS Clearing
The European Securities and Markets Authority (Esma) has released its final draft regulatory technical standards (RTS) for the central clearing of interest-rate swaps (IRS).
FSB Unveils FX Benchmark Recommendations
The Financial Stability Board (FSB) has released its final report into foreign-exchange (FX) benchmarks, where it lists a number of recommendations related to the calculation of the "fix" and trading conduct.
Finra Proposes Rule to Protect Investors, Analyze Brokerages
The Financial Industry Regulatory Authority (Finra) has begun soliciting comments for a proposed rule that would require brokerages to periodically report information on their securities accounts and the securities accounts for which they clear.
Boat Adopts MMT Standards for OTC Trade Reporting
Boat Trade Reporting, which Swedish technology supplier Cinnober Financial Technology acquired earlier this year from Markit, has implemented the full Market Model Typology (MMT) standards for OTC cash equity trade reporting, in an effort to boost data…
Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…
Pacific Life Insurance Taps Calypso for Collateral Optimization
Pacific Life Insurance Company, a life insurance company headquartered in Newport Beach, CA has selected Calypso Technology’s Calypso Collateral Management platform to automate and optimize its collateral allocation activities.
Study Shows Asian Firms Are Not Ready for Move to T+2 For European Securities
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
Crawling Before Walking
SEF volumes lead this week's coverage.
Sibos: A Good Place To Check ISO 20022 Progress
Industry professionals plan to take stock of progress on the ISO 20022 messaging standard used for corporate actions, in a key session at the Sibos conference in Boston on September 29
Northern Trust Sets Up Delegated Reporting with Sapient
Northern Trust is now able to offer delegated reporting to its buy-side clients, after implementing the Compliance Management Reporting Service (CMRS) platform from Sapient Global Markets.
Investor, Regulatory Demands Drive Latest Linedata Rollout
Yesterday, it was announced that Linedata had enhanced Linedata Global Hedge, its overarching platform for hedge fund managers.
LEI: Looking for the Horizon -- Webcast
On September 18, Inside Reference Data hosted a webcast about progress in implementation of the legal entity identifier and the work to be done to complete the LEI system
ISDA, Markit Launch Derivatives Reporting Tool
ISDA Amend, a joint ISDA-Markit solution, adds a feature to facilitate OTC derivatives trade reporting in three Canadian provinces facing an October 31 deadline
Russian Depository Launches LEI Data Site
The National Settlement Depository has debuted lei-code.ru, a website providing data on legal entity identifiers in the Russian market
Slow Burn: SEFs Make Small Gains as US Market Adjusts to Electronic Trading
In February, it became mandatory to execute certain swap contracts on electronic platforms, introducing what should have been wholesale change to the way that trading operates in the derivatives market. Half a year on, though, evidence of a revolution in…
All Derivatives, All the Time
IT spend and T+2 lead this week's coverage.
Canadian LOU Chooses GMEI Utility
CDS Clearing and Depository Services will use DTCC and Swift's Global Markets Entity Identifier utility for legal entity identifier registration
Questions for EFIS
The upcoming European Financial Information Summit promises to capture the important shifts in data management operations issues that are happening in the industry
Numbering Agencies Update ISIN Standard
Members of the Association of National Numbering Agencies have broadened the standard to cover more instrument types
Nationwide Chooses AxiomSL for Reporting
The financial services firm will use the reporting and risk management provider's services to comply with UK regulations