Standards
Newedge Deploys Succession Systems for Pre-Trade Risk Management
Broker-dealer Newedge has rolled out Succession Systems’ TripleCheck product, ahead of the May 31 deadline for entities trading in Canada to comply with Investment Industry Regulatory Organization of Canada (IIROC) rules regarding automated trading risk…
Data Centralization Key to Effective Compliance, CTOs Argue
Panelists at the Buy-Side Technology European Summit 2013 in London debated growing levels of transparency and reporting required by regulatory agencies and clients, saying that in order to stay compliant, a thorough data strategy was essential to any…
SunGard Consolidates Protegent into Single Platform
SunGard has announced the integration of its various Protegent market surveillance products into a single platform, to provide a consolidated view for compliance officers across a firm.
New UK Regulator Goes Live With Nasdaq Surveillance Tool
The Financial Conduct Authority (FCA), a UK regulator formed in April, has gone live with Nasdaq OMX's Smarts Integrity market surveillance platform to enhance its monitoring of transaction reports across the UK's financial markets.
Northern Trust Unveils Online Form PF Solution
Northern Trust Hedge Fund Services, the fund administrating arm of the Chicago-based bank, has released a new online module that will allow clients to draft, review and finalize their Form PF submissions.
ConvergEx Readies Electronic Blue Sheet Compliance
ConvergEx Group has announced that its LiquidPoint options trading software will be fully compliant with Electronic Blue Sheet (EBS) requirements in the US, once they come into force on November 1, 2013.
TradingScreen Clears CFTC's FX Mid-Point Pricing Hurdle
The regulation, going into effect on May 1st, requires firms to display mid-point prices for foreign exchange (FX) pre-spot, forward outrights, non-deliverable forwards, and swap trades.
Sapient's CMRS to Facilitate Portfolio Reconcilation
The Compliance Management and Reporting System (CMRS) from Sapient Global Markets can now facilitate portfolio reconciliation.
Advise Releases E-Filing Solution for Form CPO-PQR
Advise Technologies, a compliance software provider, will offer a CPO-PQR e-filing platform to the National Futures Association (NFA) EasyFile portal. This will be the first time that filing electronically is possible for Form CPO-PQR.
SIFMA Cries Foul to SEC Over UTP Tape C Fee Hike
SIFMA calls on SEC to reject 25 percent Tape C price increase, claims UTP did not follow mandated procedures before raising fees.
Fragmented Surveillance Approach Superior to Single Source
Panelists at TradeTech Europe, organized by WBR, suggested that multiple levels of trade surveillance were superior than an overall single pair of eyes, when dealing with market abuse.
Traiana Launches Swap Data Repository Service
Post-trade vendor Traiana has announced the successful launch of Harmony TR, its swap data repository (SDR) service, which aids with compliance for regulations regarding the reporting of over-the-counter (OTC) derivatives trade data.
Exchanges, Brokers Face HFT Surveillance Challenge
Although the benefits and drawbacks of high-frequency and algorithmic trading have been debated endlessly, the ability to perform competent and reliable surveillance on these operations is an area often relegated to the back rooms of conferences. James…
BNY Mellon Tweaks AccessEdge Collateral Management Service
BNY Mellon has upgraded its AccessEdge collateral management portal via a link to Pirum’s tri-party automation service that will allow BNY Mellon’s buy-side clients to better manage their collateral requirements.
Cymba Unveils Standalone Centurion Compliance Platform
London-based Cymba Technologies, a provider of technology and services to the traditional asset management and hedge fund communities, has launched Centurion, a standalone pre- and post-trade compliance engine that was, until now, only available as a…
NYSE Retiring LRP Ahead of Limit Measures
The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).
Finnish Banks Hand Compliance Burden to SunGard
A trio of private banks from Finland have signed SunGard for support with risk management and performance.
Waters Roundtable: Risk and Compliance Too Close, Stress Tests Overused
Risk and compliance have always been, if not married, then at least dating. Recently, though, they’ve become that weird, co-dependent couple that answers for each other, having to call home to check in every two hours. A few risk managers at a recent…
Refereeing Fifty Matches at Once
When it comes to HFT, how much oversight is practical?
SEF Infrastructure Unaffected by RFQ Rules Kerfuffle
A joint ISDA–Sifma poll shows near universal dislike for a CFTC proposal on SEFs, but it turns out the regulator has already changed its tune. In this respect, at least, SEFs are safe from a mass exodus.
DTCC To Establish Japanese OTC Trade Repository
The Depository Trust and Clearing Corporation (DTCC) has received approval from Japanese regulators to launch the first trade repository in the nation for the reporting of over-the-counter (OTC) derivatives trades.
Be Careful What You Wish For
While many bemoan the lack of regulatory sophistication when it comes to analyzing the markets, the flip side is just as costly.
Fidessa Unleashes Market Abuse Monitor for Europe
UK-based vendor Fidessa has announced the release of the Market Abuse Monitor surveillance tool for its sell-side clients in Europe.
Resources and Regulations Produce Pressures for European Firms
European regulators’ demands are realistic, but the incremental technology-related changes they are proposing will significantly impact overall market structure and liquidity, say panelists who spoke at last week's FIX Protocol Ltd. (FPL) EMEA Trading…