Regulation
Nasdaq Fined $10 million for Facebook IPO Failings
The US Securities and Exchange Commission (SEC) has levied a $10 million fine on exchange operator Nasdaq, in response to its system failings while conducting the initial public offering (IPO) for Facebook.
IRD's Editor on 'Extraterritoriality'
Reference data professionals are buzzing about "extraterritoriality," the concept of differences between jurisdictions or countries in how they handle new rules and regulations.
A Look at this Year's BST European Summit
Across the pond in London this week, Incisive Media held its annual Buy-Side Technology European Summit. Anthony looks at the coverage.
It's Not Easy Being Extraterritorial
The concept of extraterritoriality, the differences between national interpretations or iterations of rules and standards, requires firms to redefine it as being the ability to comply in all territories
HSBC CDO: "Reporting Regs Emphasize Need To Manage Data Throughout Lifecycle"
HSBC's Peter Serenita told delegates at the North American Financial Information Summit that firms need processes for managing data throughout the trade lifecycle in order to comply with the US Commodity Futures Trading Commission's new reporting…
UBS Exec Outlines Fatca Strategy
The bank's global head of client data policy and quality assurance told delegates at this week's North American Financial Information Summit that clearly defined data definitions and roles and responsibilities for data users are at the heart of its…
NAFIS 2013 Live: Richard Peach Keynote
IRD editor Michael Shashoua tweets live from keynote presentation by the senior vice president of the Federal Reserve Bank of New York
Much Ado about RFQ
The reduction in the so-called RFQ 5 rule was seen as a shallow victory for the industry during the final rulemaking for swap execution facilities (SEFs) last week, but how much of an issue will it prove to be?
CFTC SEF Rules Garner Mixed Reactions as Tech Picture Gets Clearer
Yesterday’s vote on final rules governing the operation of swap execution facilities (SEFs) by the US Commodity Futures Trading Commission (CFTC) was well-received by a cross section of the industry, but some disagree with elements of the provisions…
NAFIS Preview
Other regulatory issues, risk management and data governance will also find the spotlight, alongside the legal entity identifier, in this year's NAFIS conference on May 21
CFTC Passes Final SEF Rules with an Eye to the Future
The US Commodity Futures Trading Commission (CFTC) passed a series of final rules yesterday, designed to govern how swap execution facilities (SEFs) will operate, and how instruments will trade through them.
IRD's Editor on Rulemaking and Fragmentation
Data managers should be prepared for "Balkanized" fragmentation in data management, due to nation-centric rulemaking, should globalized and harmonized rules efforts fail.
CFTC SEF Debate Sets Up Dodd-Frank Showdown
The US Commodity Futures Trading Commission (CFTC) has set a date of May 16 for a public meeting, over key elements of rules that govern how swap execution facilities (SEFs) will work.
Territorial Rulemaking and the Data Environment
Data managers should consider whether all regulatory politics will be local—or global—and be prepared for either possibility
Triangle Park Sees SIX Connection Fueling Reference Data Demand
The founder of the price surveillance, monitoring and OTC verification services vendor says a redistribution agreement it has signed with SIX could be broadened to include reference data, including corporate actions data. Triangle Park currently…
BATS Chi-X Europe Receives FCA Approval for RIE Status
One of the largest multilateral trading facility (MTF) operators, BATS Global Markets, has received approval from UK regulators to change the designation of BATS Chi-X Europe to a Recognized Investment Exchange (RIE).
DataArt Unveils Form PF Solution
Software vendor Data Art has released a front-end application that will allow hedge funds to report their Form PF filings to regulators
IRD's Editor on the LEI's Bottom Line
Features in the May issue of Inside Reference Data explore client onboarding, budgeting and data quality issues related to the legal entity identifier.
Looking for the Finish Line
Stories and features in the May issue of Inside Reference Data identify remaining hurdles for legal entity identifier, question how widely understood are the LEI's benefits, and explore drives to secure its value
Identifying LEI Opportunities and Challenges
The rollout of the legal entity identifier offers firms an opportunity to improve their onboarding processes and bring together valuable data sets, but a successful outcome depends on careful planning, writes Nicholas Hamilton
LEI Working Group to Improve Pre-LOU Communication; Plans for LEI Board Unveiled
A new working group is being set up to improve co-ordination between pre-Local Operating Units following concerns about duplication, and regulators have unveiled their plans for the board of directors of the legal entity identifier foundation in…
Back Office Vendors Talk About What's on Tap
A group of back office vendors at the Futures Industry Association (FIA) New York Expo had a chance to brag about the most exciting product they have on offer, or in the works. This is what they offered up.
DTCC Files Legal Challenge to CFTC's Swap Reporting Rules
The New York-headquartered company says the regulator has introduced anti-competitive rules that will increase costs for market participants by allowing clearing houses to control which swap data repositories they report to