UBS warned clients they were looking at “bad data” on options screens
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
Clients have been left in the dark about the ransomware attack that disrupted futures trading last month.
Advisory committee heard CFTC believed it could “play a more direct role” in cyber security practices
Banks are examining service-level agreements for possible breaches
Some clients are now using Ion systems again, but synchronizing data with CCPs could take days.
ABN Amro, Macquarie, RBC among firms hit; ransom deadline tomorrow, but service may be down for days
As a Congressional report delves into Robinhood's response to the meme stock frenzy of early 2021, Jo wonders how future regulation of payment for order flow will impact market data pricing.
The US markets regulator has extended the comment deadline on a proposal to regulate Treasuries venues after it faced a storm of complaints from the public and financial industry.
According to Google’s Phil Moyer, the capital markets are shifting from a world where location determined liquidity, to one where accessibility will be the main differentiator for exchanges. Anthony explores what this could mean for trading firms going…
The lack of a reporting template means “people can give the least amount of data possible”, warns a bank CISO, stymieing data sharing.
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
Anthony examines a proposed protocol in Europe that would help keep liquidity flowing if there’s a major exchange outage. He also discusses innovation in the realm of ESG, and Esma’s new data analytics platform.
There are hopes that a ‘gentlemen’s agreement’ between industry participants can break the first-mover disadvantage for liquidity providers.
A summary of some of the past week’s financial technology news.
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO.
Vendors don’t release new products or updates without putting their software through rigorous testing. What does that testing involve, and what different approaches do companies employ? Max Bowie finds out.
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
The company is considering a full move to virtual-working solutions after investing in remote access for brokers and other staff during the Covid-19 pandemic..
Software testing and monitoring keeps market infrastructure a step ahead amid market volatility.