A-Team Insight Author: A-Team
Robert Hegarty Joins Thomson Reuters as Global Head of Market Structure
Thomson Reuters today announced that Robert Hegarty has been named Global Head of Market Structure for the Enterprise business. Hegarty will oversee the expansion of Elektron, the firm’s financial markets ecosystem that delivers content and services worldwide, by cultivating partnerships with market participants to accelerate the growth and value-add for community members. He will report...
Susan Certoma Appointed President of Broadridge’s Brokerage Processing Services Business
Broadridge Financial Solutions announced today the appointment of Susan Certoma as president of Broadridge’s Brokerage Processing Services (BPS) business. In her new role, Certoma will be responsible for all aspects of Broadridge’s Brokerage Processing Services business, which includes equity, option and mutual fund securities processing as well as its Business Process Management (BPM) suite and...
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) – providing hardware-based acceleration for processing typically performed in software – are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well. Fixnetix and Wall Street FPGA are providing two such examples, as hardware acceleration...
Rand Report Explores Conflict Between European Data Privacy Laws and E-discovery Requests
FTI Technology, the e-discovery business segment of global advisory firm FTI Consulting, today announced the availability of a RAND Europe report entitled “E-Discovery and Legal Frameworks Governing Privacy and Data Protection in European Countries.” The complimentary report, which is available for download at the FTI Technology site, provides guidance on a common challenge for multinational...
Bloomberg and Information Mosaic Partner on Corporate Actions
Bloomberg Data Solutions and Information Mosaic executives today announced a strategic partnership to provide a new service that will streamline corporate actions processing and reduce operational risks and costs. For the first time, financial institutions will be able to use the same Bloomberg corporate actions data for investment decisions in the front office, as well...
CFTC and SEC Seek Input on Joint Proposals for New Algorithmic Descriptions for Complex and Standardised Derivatives
In line with the Dodd-Frank Act’s push to get derivatives onto exchanges and centrally cleared, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have set up a joint study to examine the feasibility of adopting new standardised computer readable codes to identify complex and standardised derivatives. The request for comment...
European Commission’s Leaked MiFID Review Paper Highlights Data Standardisation Challenges Ahead
Following on from the slew of technical advice and consultation papers that have been issued by the Committee of European Securities Regulators (CESR) over the course of this year, the European Commission has finally drawn together its public consultation document on the subject of the MiFID Review, a draft of which was leaked last week....
IMA’s Sears Warns of the Dangers of Leaving Lawyers to Define Industry Standards
Last week’s MiFID Forum in London saw Guy Sears, director of Wholesale at the Investment Management Association (IMA), warn attendees of the dangers of leaving it up to lawyers or regulators to decide on the best data standards for use within the context of MiFID reporting. He indicated that such a move is potentially damaging...
DTCC’s Heggarty and Omgeo’s Lind to Join Thomson Reuters
In line with its recent spate of hiring, data vendor Thomson Reuters is rumoured to soon be adding the Depository Trust & Clearing Corporation’s (DTCC) managing director of market structure Robert Hegarty and Omgeo’s current managing director of strategy Tim Lind to its ranks. Last month, Thomson Reuters added ex-Credit Suisse exec Sally Hinds to...
BT’s Pickles Discusses the Data and Risk Management Aspects of the Sequel to MiFID
Although there has been significant focus on the front office and trading impacts of the MiFID review, there are a whole host of middle and back office concerns to consider. Reference Data Review speaks to Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT, about his perspectives on these challenges. There has...