Regulation
Liquidnet Settles SEC Case for Improper Use of Customer Data
Dark pool operator Liquidnet on Friday agreed to pay a $2 million fine to settle a US Securities and Exchange Commission (SEC) charge that the New York-based brokerage improperly used subscribers' confidential trading information in marketing its…
LEI's Big Payoff
While the legal entity identifier is starting to produce value for data management operations, Fatca and BCBS 239 could follow suit in similar fashion
Fatca Drives Data Operations Changes
As a July 1 deadline approaches, it's become evident that the US Fatca tax withholding regulation has driven big changes in data collection and reporting, as the industry works to comply with the new tax withholding rules. Michael Shashoua reports on…
Securing LEI Success
From more regulatory mandates to standardized data quality checks, there was no shortage of suggestions of ways to ensure the success of the LEI project at the North American Financial Information Summit, writes Nicholas Hamilton
Euronext UK Markets Gains RIE Status
The London-based venue in the Euronext group, Euronext UK Markets, has been granted Recognized Investment Exchange (RIE) status by the UK Financial Conduct Authority (FCA), ahead of the group being spun out by parent company IntercontinentalExchange (ICE…
UK Government Mulls FX Oversight
The UK Chancellor of the Exchequer, George Osborne, is reportedly preparing to announce plans that would see formal regulation enter the foreign-exchange (FX) markets for the first time.
BMO Capital Markets Chooses Fenergo for Fatca, Derivatives Compliance
Fenergo will complete the first phase of the implementation of its onboarding software for the Canadian investment firm on July 1, when Fatca comes into force
Shouldering Fatca Responsibility
The industry has the pieces necessary for effective systems and operations to comply with the US foreign tax withholding rules, but must figure out how to put them all together as the July 1 deadline nears
Michael Shashoua: Basel Didn’t Start the Fire
The Basel Committee’s BCBS 239 risk data aggregation principles, intended to spur a response from major financial firms by January 2016, are actually the final step in a long-running industry development, Michael writes.
James Rundle: Ahead of the Curve
James sees recent pushes by the sell side toward embracing new technologies as a sign that a more intelligent approach is being taken, both by regulators and by banks.
European Firms Grapple with Algo-Tagging Rules
Although the flagging and tagging of algorithms is only currently required in Germany, under the German HFT Act, it is slowly making its way into Pan-European law. Marina Daras looks at the German rule to see how the algo labeling requirement under Mifir…
SROs Deploy Advanced Tech to Keep Up with Members
Self-regulatory organizations can’t tap into company profits like banks, nor can they rely on taxpayer funding like government regulators. Still, using only membership dues, they must carry out their registration and surveillance functions of national…
Fatca: Crunch Time -- Webcast
On May 28, Inside Reference Data hosted a webcast about US Fatca tax withholding regulation, in which four experts in the field discussed industry readiness for an impending July 1 deadline
Thomson Reuters To Monitor Fatca Grandfathered Instruments
The data provider will alert users if an instrument loses its exemption from tax withholding under Fatca as a result of one of six possible types of material modifications
Esma Opens Consultation on Mifid II, Refines HFT Scope
The European Securities and Markets Authority (Esma) has opened its consultation on the review of the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir), the two most important pieces of legislation issued by European…
Lessons from the Buy Side
Conferences from our sister brand have resonance for Sell-Side Technology's readership, this week.
Esma Opens Consultation on Mifid II, Refines HFT Scope
The European Securities and Markets Authority (Esma) has opened its consultation on the review of the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir), the two most important pieces of legislation issued by European…
FINRA Begins Migration of Market Surveillance Apps to Amazon Cloud, Adopts Big Data Tech
US financial industry regulator FINRA is migrating all of its market surveillance platforms into the Amazon Web Services cloud, to enable the regulator to more efficiently store and process data, in a move that could deliver an annual cost saving of 40…
Finra CIO: Our New Technology Will Lead to More Focused Surveillance
Finra's CIO Steve Randich explained how its new systems of data collection and analysis will lead to a more focused and efficient way of monitoring broker-dealers and ensuring regulatory compliance, during the North American Financial Information Summit…
OFR's Reed Sheds Light on LEI's Omission from Fatca
Matthew Reed, of the Office of Financial Research and Regulatory Oversight Committee of the legal entity identifier project, says the LEI was not ready when the Internal Revenue Service made key decisions about Fatca, but suggests it will be added in the…
Citi Reaps Benefits of LEI, Despite Limited Coverage
At this week's North American Financial Information Summit in New York, Citi's head of entity data operations explained how the legal entity identifier has helped the bank improve standardization and increase the number of attributes held in client…
ESMA Outlines Potential Options for ‘Reasonable' Post-Trade Data
European financial regulator the European Securities and Markets Authority (ESMA) released a consultation paper today, Thursday, May 22, that outlines proposed technical details for the second iteration of the Markets in Financial Instruments Directive …
NAFIS 2014 Live: Regulatory Landscape Challenges
Inside Reference Data editor Michael Shashoua reported live via Twitter on the first panel in the reference data stream of the North American Financial Information Summit on May 21
Getting the Vote Out
Various polls in Europe and beyond lead this week's coverage, along with Icap's SEF debut and a pair of big Nasdaq stories.