A-Team Insight Author: A-Team
Tom Dalglish Switches Role to Head HSBC’s Innovation Labs
Tom Dalglish has switched from the role of senior data and integration manger – IT transformation at HSBC to become the bank’s head of technical services – applied innovation. In his new role, Dalglish is responsible for industrialising the bank’s global Innovation Labs and researching and developing emerging technologies such as blockchain, cyber security, financial...
MiFID II Transparency Demands Significant Modifications to Data Management
The data transparency obligations of Markets in Financial Instruments Direct II (MiFID II) are a drastic change from MiFID requirements and call on market participants to make significant modifications to data management, sourcing, publication and distribution. Faced with this level of change, only a handful of firms are completely prepared to meet the transparency requirement....
FIX Trading Community Offers MiFID II Compliance Help
FIX Trading Community, the non-profit industry standards organisation that promotes adoption of the Financial Information eXchange (FIX) protocol, has announced updates to the FIX protocol addressing MiFID II and MiFIR requirements. The organisation will also advise its members to review and adopt the updates as soon as possible so development work can begin, according to...
Blockchain Could Shorten Settlement Time, Paxos Exec Says
Another frontier for application of blockchain distributed ledger technology could be shortening the settlement cycle for trades, says an executive at Paxos, the blockchain technology company that completed a pilot program with Euroclear in December for gold transaction settlement. Paxos is planning to roll out its gold transaction settlement capabilities more widely in 2017, building...
West Coast Hedge Fund Reduces Trade Errors With LiquidityBook
Since San Francisco-based multi-strategy hedge fund Pier 88 Investment Partners implemented LBX Buyside POEMS (Portfolio, Order and Execution Management System) from service provider LiquidityBook in the third quarter of 2016, the fund has eliminated trade errors, gotten greater transparency and enhanced its networking capability. Pier 88’s trade execution and portfolio management has had “very noticeable”...
Thomson Reuters Teams Up with Kx to Deliver Superfast MiFID II Solution
Thomson Reuters has teamed up with Kx to enhance its Velocity Analytics platform and deliver ultra-high-speed processing of real time, streaming and historical data to meet the requirements of Markets in Financial Instruments Directive II (MiFID II). The platform has been refreshed and released as Version 8, with Kx high-performance computing technology replacing high-speed processing...
Tullett Prebon To Feed Data To Murex Trading Platform
Trading, risk and processing solutions provider Murex has partnered with Tullett Prebon Information (TPI) to use its real-time, end-of-day and historic price information for internal model validation, gaining independent and accurate data to feed the Murex platform, according to officials of the companies. “TPI content comes directly from the trading operations of our global brokerage...
Driving Business Value Out of the Legal Entity Identifier
The Legal Entity Identifier (LEI) is useful as a unique, unambiguous and persistent entity identifier, but when integrated with other datasets such as securities it can deliver both operational and business benefits. Issues around driving business value from the LEI were discussed during a recent A-Team Group webinar that was moderated by A-Team editor Sarah...
Datactics RegMetrics User Monitors 10 Million Records to Ensure Data Quality
Datactics has implemented its RegMetrics data quality reporting solution at a Tier 1 global bank. The bank is using the software to monitor over 10 million underlying records, which requires hundreds of millions of data points to be processed. The bank is also building predictive analytics on top of the RegMetrics framework to monitor data...
ESMA Raises Alarm About Systematic Internalisers
The European Securities and Markets Authority’s chair, Steven Maijoor, has raised an issue concerning the use of systematic internalisers (SIs) to circumvent MiFID II rules, writing to European Commission director general Olivier Guersent earlier this month. In a letter dated February 1 and released to the public on February 14, Maijoor wrote that market participants...