Standards
Bulletproof building: DTCC, AWS debut app resiliency prototype
The cloud provider and industry utility have jointly released a prototype and guidelines for building resilient financial services applications.
New crypto Isins seen as ‘really important’ step for TradFi adoption
Execs at TP Icap and Societe Generale say the identifier removes a major barrier for crypto acceptance.
What firms should know ahead of the DSB’s UPI launch
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
Can FIX fix patchy exchange outage communications?
A FIX working group is hoping to standardize the way that venues communicate with the sell side when markets fail.
Derivatives Service Bureau allows alternative identifiers for OTC derivatives UPI
The numbering agency has partnered with SmartStream and ICE to cross-reference and map the underlying asset’s identifier to the relevant Isin.
The loan market has a new identifier, but the path to adoption isn’t clear
The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
Gleif hopes to entice LEI laggards with new digital identifier
The vLEI has ambitions to become the backbone of digital trust.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
SFDR: A data project that’s becoming ‘a real headache’
SFDR mandates that asset managers must start publishing ESG data in a few weeks, but sourcing the new metrics has proved challenging, and a host of questions remain.
Waters Wrap: On cybersecurity, regulators and ‘victim blaming’
In the wake of the Ion hack, regulators are pushing for firms to beef up their cyber defenses. Anthony says that they'll need to mind their words and tread carefully, as cloud, machine learning and open source take off.
Does the case against Cusip have legal merit? We’re about to find out
As the parties involved in the Cusip lawsuit wait to see whether the case will proceed to trial, Reb discusses what it might mean if the defense's claim that the case has no legal merit is true.
Regulated UK crypto firms fear authorisation Groundhog Day
Industry wants grandfathering in new Treasury framework to avoid business continuity risk
Defendants in Cusip suit make their case for dismissal
Cusip Global Services and its affiliates have filed a joint motion to dismiss the anti-trust class-action lawsuit.
Waters Wrap: The DTCC, Cusip and questions of a monopoly
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
Putting a price on your head (of data): The ROI of a CDO
The chief data officer has become recognized as a key role in a financial firm’s ability to manage its data assets, and reduce costs and risk. So why is it also so notoriously short-lived?
Industry participants: ‘Digital Token Identifier’ aims to increase interop, usage
While some trading firms are welcoming the use of a new non-proprietary code for identifying digital tokens, the onus will be on local regulators to enforce its adoption.
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Certified FDC3: Finos reveals interop vendors compliant with open-source standard
Following Finos’ long-awaited release of its new FDC3 compliance testing framework, two of the three major container-based interoperability providers have received badges certifying their adherence to the growing industry standard.
Waters Wrap: Banks explore new avenues for cloud cooperation
As banks and asset managers move more workloads to the cloud, they’re trying to find ways to cooperate to cut costs and exert more influence over the likes of AWS, Google and Microsoft. Anthony wonders if these early efforts will yield beneficial results…
EU Regulator: Incoming rules will arm financial institutions to negotiate cloud contracts
While the new rules will eat into financial services resources, regulators say they will also offer safeguards for managing cloud agreements.
Is disruption finally coming for the index business?
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
Waters Wrap: The buy side, the changing nature of buy v. build, and how fintech has evolved
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
Will there ever be one TR to rule them all? No chance…
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.