While the CFTC says the bank is to blame for record-keeping failures that transpired at the start of the pandemic, others say it was two vendors who let the bank down.
Industry welcomes flexible issuance limits, but rues derivatives’ exclusion as a missed opportunity.
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are…
Financial firms can’t afford to treat data governance as a one-off, check-the-box exercise. Instead, senior data management execs say, it should be treated as an ongoing series of regular health checks.
Expected explosion in hidden equity liquidity has failed to materialize
The AMF’s move has left industry observers wondering if this will lead other regulators in Europe to follow suit.
The SEC's proposed best execution regulation has ruffled some feathers. With a host of key details still to be resolved, industry experts say the rule in its current form could represent a big change in the way orders are handled.
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.
The head of the world’s largest options exchange discusses SEC regulation and SPX appeal.
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
The EU regulator’s expanded supervisory powers and big data capabilities have caused some confusion on how the data will be used and how Esma’s new role will shape reporting regimes.
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
“Woolly” rules fuel concern that bulletin boards and tech providers could be swept in
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?
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
Dual machine-executable rules are set to create choice—and maybe bifurcation—for swaps reporting
The market operator has onboarded about 500 new clients and aims to create new revenue streams to ease the ongoing cost and margin pressures.
Insightful monitors in the range of 120 different communication channels and 40 different datasets, which will be integrated into Bloomberg Vault, among other BBG compliance systems.
As more firms rely on platforms like Zoom and Teams for client and workforce communications, surveillance technology providers are exploring new ways to make sure traders are compliant while working remotely.