Brexit
UK divergence on trading venue perimeter threatens more costs and a complex compliance landscape
The FCA is in the middle of a tug of war over the definition of a trading venue. Will it diverge in a bid to present itself as a competitive market internationally or align with its EU partners?
One versus many: Firms question viability of UK CT model
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
EDM Council pegs market adoption of CDMC framework at 3 years
Six months after the EDM Council released its guidelines for managing sensitive data in the cloud, some new names have joined the effort, and the trade body is seeking companies to join its authorized partner program.
People Moves: Tradeweb, BondLink, Boosted.ai, Transcend, and more
A look at some of the key "people moves" from this week, including Devi Shanmugham (pictured), who joins Tradeweb as global head of compliance.
Swipe left: repo reporting no match for Brexit, or collateral
A happier start than Emir, but SFTR honeymoon is over now that trades report separately in UK and EU.
Esma: Firms struggled with trade data porting after CME wind-down
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.
BMLL partners with quants for HFT regulation
Researchers from a Paris university are using the provider’s data and coding environment to build models for more efficient regulatory approaches.
All roads lead to Bergamo: Euronext eyes new home for its tech
Market participants fear a “horrible” relocation project and more room for latency arbitrage should the exchange move its data center to Italy.
EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
Model Misfires Raise Questions Over Training Data
Quants wrestle with how far into the past their machine learning models should peer.
Rimes Acquires RegTech Vendor EBR Analytics
Rimes Technologies is integrating EBR into its RegFocus BMR platform, its solution for compliance with the Benchmarks Regulation.
CME’s Reg Reporting Rollback: A Sign of What’s to Come
Sources say the exchange group’s scaleback is a result of pricing wars, unsustainable business models, and the realities of commercially supporting a regulatory reporting business.
Intercept: AQR’s Risk-Catching Machine
CRO Mike Patchen has helped build a system to identify risks before they grow or spread.
MarkitSERV Delays Credit Rollout for TradeServ Platform
The vendor is live with FX NDFs on the new cloud-based platform, but credit has been pushed to 2020 earliest.
DTCC Explores Gatekeeper Role for DLT Networks
Post-trade company looks to stay ahead of DLT curve with plans to act as CCP for firms trading on permission-based blockchains.
Allianz Global Investors Adopts NLP Signals in Equities
The investment manager's move to tackle unstructured data is starting with sell-side analyst reports.
Wavelength Podcast Ep. 170: A European Consolidated Tape
Josephine Gallagher and Anthony Malakian discuss the merits of a European consolidated tape and how it relates to the CAT.
DTCC Develops Tool to Support DLT Governance
The tool has been developed as part of DTCC's work with the industry to build a DLT network and governance model.
ICE Acquires Fixed Income Volatility Index from BAML
The exchange and data provider says purchase of market sentiment index from BAML is a natural next step.
Plus ça Change: Data Management is a Perennial Problem
The pace of change—in politics and in fintech—over the past few years has been breathtaking. Jo finds out at NAFIS, however, that some things never change.
Geopolitical Risk Data Moves from Foreign Intelligence to Fund Management
As nations and markets become increasingly interconnected, geopolitical risk has become top of mind for portfolio managers.
April 2019: Welcome to the New WatersTechnology
Max previews the first issue of the relaunched magazine, and extends a welcome.
Wavelength Podcast Episode 159: Simon Hazlitt on Cloud Challenges
The Majedie Asset Management cofounder, who now runs cloud consultancy Supl, talks about where firms go wrong with the cloud.
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.