Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Evolutions in the realms of cloud, AI, and surveillance/encryption are making the possibility of a decentralized trading ecosystem more real. Anthony looks at how progress in these areas—as well as the interoperability push—will forever change the…
Oats reporting could be fully migrated to the Consolidated Audit Trail and the Oats system retired as early as June 30.
While some technology vendors say video communication surveillance can help monitor serious compliance breaches, others see such data as a source of additional contextual information.
A summary of some of the past week's financial technology news.
Concerns about data leakage have driven some users to rival privacy-focused messaging apps like Telegram and Signal, as WhatsApp policy changes come into force on May 15.
A look at some of the key "people moves" from this week, including Paul Griffiths (pictured) who has been appointed global head of institutional business at HSBC Asset Management.
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Augmenting graph analytics with AI can detect more complicated anomalies, vendors say.
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 summary of some of the past week’s financial technology news.
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
Covid culture is set to continue this year, as are the associated changes to working practices in the financial markets and the technologies that support them. Max wonders what the new ‘virtual’ reality will look like in 2021 and beyond.
WatersTechnology looks at how 10 different firms are embedding machine learning algorithms into their platforms and tools.
The service would aim to allow buy-side firms to proactively monitor for trading abuse, rather than react after the event.
The supporters of a plan for a federated cloud architecture in Europe held a conference to discuss development plans, but it’s still unclear how the concept will work in practice.
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
The new functionality will help to give context to market manipulation alerts.
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
Officials say the new product will enable firms to aggregate and correlate the data required to fulfill trade reconstruction obligations within seconds.
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.