Nasdaq's counsel argued that the regulator does not have the power to give more votes to non-exchange organizations in the Sips' operating committees.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
The project comes at a time when Euronext is considering a datacenter move, and sources speculate that Six might also be another candidate to migrate. Market participants are split on the news of the LSEG migration, with some calling it “frustrating,”…
Sseoms competitors are stepping into the breach left by Bloomberg’s move to sunset the sell-side focused suite of services. This could be a chance for a new premier provider to snap up some business, while leaving others to reevaluate their standing in…
Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
Entering a saturated market of electronic trading technology this summer, the new AI-powered platform must clear several hurdles before it can declare success.
Asset managers can choose from a range of trade-outsourcing models, but some traders say certain providers’ data-sharing techniques carry greater risk of information leakage.
Anthony takes a look at the Consolidated Audit Trail and concerns over its security. He also touches on the rapidly changing face of the regulatory reporting marketplace.
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
A look at some of the key "people moves" from this week, including Andrew Polydor (pictured), who has been appointed head of global markets at TP Icap.
A summary of some of the past week’s financial technology news.
As interest in OTC marketplaces grows, so does the value of data generated by brokers in those markets. But monetizing that data involves many challenges. Max looks at some potential solutions.
Manisha Kimmel played a key role in getting the CAT running and worked at rival Refinitiv before joining the US regulator.
Ion Group has acquired Dash Financial. Whether or not this ends up being a good marriage will come down to the people making the tech platforms, Anthony says.
Interdealer brokers are looking enviously at the way exchanges have been able to grow data revenues, providing a stable stream of profits as other business lines have declined. But following the exchange model has its own challenges.
A look at some of the key "people moves" from this week, including Raj Paranandi (pictured), who has been appointed COO EMEA/APAC at MarketAxess.
Jo is skeptical that the SEC’s finalized market data infrastructure rule will make the public market data feeds faster.
The full platform, leveraging an open API architecture and multiple third-party providers, will enter beta testing in early 2021.
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
The Investors Exchange is now looking to propose a second new order type for NBBO non-mid liquidity.
The fund administrator’s clients can now access multiple datasets from one data lake.
The UK asset manager is using Owlin's media analytics platform to identify negative news sentiment linked to credit risk.