A-Team Insight Author: A-Team
LDX Taps Exberry Matching Platform for Expansion Plans
The London Derivatives Exchange has selected newcomer Exberry to provide it with matching engine technology for its expansion into new asset classes and global markets. The deal is Exberry’s first; the company launched its multi-asset class platform in June. LDX plans to use Exberry’s platform to widen the range of asset classes it lists, from...
Will a Consolidated Tape Make Best Execution Better?
By Tom Healey, Founder-Director, FINXIS LLC. In ICMA’s MiFID II Consolidated Tape Task Force Report, published in April 2020, the Task Force made it clear that while MiFID II accomplished many goals it failed to achieve the market transparency that regulators had envisioned. By most measures, MiFID II cost the industry over $2 billion, but...
Banks Raise Concerns Over Compliance in New Covid Study
A new survey from StarCompliance measuring the impact of the coronavirus pandemic on global compliance has found that a majority of banks are unsatisfied with their current compliance programs: primarily due to the processes and systems they have in place to manage them, as well as the complexity of operation related to dealing with clients...
EBA Seeks to Reduce Reporting Costs for Financial Firms
The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework. Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by...
ESG, Textual and Movement Data Lead Alternative Data Interest During COVID Pandemic
By Warren Breakstone, Managing Director and Chief Product Officer of Data Management Solutions, S&P Global Market Intelligence. As market participants work to understand their risk, uncover new opportunities, and try to make sense of the current state in the midst of COVID-19, there appears to be a heavier reliance on new sources of insight where...
FINRA CAT: What’s Next?
By Andrew Pheifer, CFA, CAIA, Director, EMS Product Management, SS&C Eze. The long-awaited Consolidated Audit Trail (CAT) is now live, ingesting billions of equity transactions daily from U.S. broker-dealers (Industry Members). The go-live has largely been considered a success, with more than 1,000 broker-dealers reporting into the CAT. The CAT’s origins date back to 2012...
Quant House Partners with Italy’s EliData
Italian trading software developer EliData has integrated real-time market data sourced from QuantHouse’s QuantFeed API into its smart order router (SOR), arbitrage and best execution capabilities. The collaboration has already resulted in an implementation at a ‘major financial institution’ in Spain, and will be marketed jointly across Europe. Using QuantFeed, EliData is able to provide...
Equiduct Commits to Exactpro in Long-Term Software Testing Deal
Pan-European trading platform Equiduct has extended its master services agreement with Exactpro following a successful proof of concept (POC). Under the arrangement, Exactpro will provide functional testing of Equiduct’s trading software, including its Apex best execution solution for retail brokers. Established as one of the first multilateral trading facilities (MTFs) under the original MiFID regulation,...
ASG Technologies Pushes into Australia with Ascention Partnership
Systems management provider ASG Technologies has partnered with Sydney-based data analytics and enterprise performance management specialist Ascention to develop data governance and data lineage solutions for the Australian market. A recent survey of IT professionals by ASG found that two of the top barriers to realizing the full value of data in the enterprise are finding and...
The Crucial Role of the LEI in the EC’s AML-CTF Legislative Reforms
By Clare Rowley, Head of Business Operations at the Global LEI Foundation. In May 2020, the European Commission put forward a series of measures designed to strengthen the EU’s fight against money laundering and terrorist financing, including an Action Plan for legislative reform of the EU’s AML-CTF framework in early 2021 (see related links below)....