A-Team Insight Author: sharon
A New Era of Bond Trading: Leveraging Automation and Liquidity Score Splitting
By Vuk Magdelinic, CEO, Overbond. Bond traders face a set of challenges not seen in most other markets for tradeable securities. There’s no comprehensive centralized record of fixed income trade price or size data because most bonds are traded over-the-counter. Additionally, many bond issues are small and trade infrequently or not at all. As a...
DSB Adds Option to Use Alternative Underlier Ids to Search for or Create UPIs
The Derivatives Service Bureau (DSB) continues to prepare for the production launch of the Unique Product Identifier (UPI) on 16 October 2023 with an option for users of the UPI User Acceptance Test (UAT) environment to search for and create UPIs using a range of alternative underlier IDs. The alternative underlier ID feature allows firms...
INQDATA and KX Partnership Helps FIs Extract Maximum Value from Data at Speed
INQDATA, a data science company specialising in the curation, cleansing, mapping, and hydration of data for financial institutions, has partnered KX, provider of the kdb+ Data Timehouse and the KDB.AI vector database, to deliver streamlined data processing, drive informed decision making, and identify new opportunities. The INQDATA platform, powered by kdb+ , addresses issues associated...
Suade Commits $20 Million to Grow Regulatory Reporting Business in US and Canada
Suade, a RegTech firm offering Regulation-as-a-Service (RaaS) to automate reporting and compliance for financial institutions, has committed $20 million to bolster growth in US and Canadian financial markets. The company says the financial commitment is also aimed at helping firms address the complex reporting requirements of Basel 3.1. Diana Paredes, CEO of Suade, explains: “The...
AML Controls in the UK, Challenges of Non-Fungible Tokens, Potential Solutions
Chris Bourne, compliance expert in AML, CTF, KYC and KYB, Northrow. The UK has long prided itself on its robust Anti-Money Laundering (AML) legislation and its commitment to combatting financial crime. However, as criminals continually evolve their tactics, it is crucial to assess the effectiveness of AML controls in the UK and their future suitability...
A Powerful Voice for the ESG Data and Ratings Industry
The rapid maturity of the ESG data space had threatened to create a void in the policy and regulatory response that should be filled by industry participants. Three years ago, the Future of Sustainable Data Alliance (FoSDA) was founded to fill that very hole. Created at Davos by Sherry Madera, then an executive at Refinitiv, and the World Economic...
Future of ESG Ratings in Doubt as S&P Withdraws from Scores
S&P Global has made the surprise decision to stop issuing alphanumeric ESG scores with its credit ratings, raising questions about the continuing use of such metrics by financial institutions. The world’s leading provider of rankings on sovereign and corporate debt said it would cease providing scores on listed entities’ ESG performance with immediate effect. Instead,...
SEC Imposes $289 Million in Penalties on 11 Firms for Electronic Communications Failures
The US Securities and Exchange Commission (SEC) has taken action against 11 firms for consistent and long-standing failures in maintaining and preserving electronic communications. The 11 firms, 10 broker-dealers and one dually registered broker-dealer and investment adviser, admitted violating recordkeeping provisions of the federal securities laws and have agreed to pay a collective penalty of...
Sumitomo Mitsui Trust Asset Management Selects Bloomberg Data Solution for SFDR Compliance
Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s data solution dedicated to helping firms meet the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The asset manager is one of the largest in Japan and Asia, a signatory of both Japan’s Stewardship Code and Principles for Responsible Investment, and is actively pursuing initiatives to address ESG...
Tradeweb Partners with LSEG’s FXall to Launch FX Swap Workflow Solution for Emerging Markets Bonds
Tradeweb Markets Inc., the electronic marketplace operator for rates, credit, equities and money markets, has launched FX Swap Workflow, a multi-asset solution designed to streamline the trading of Emerging Markets (EM) products for institutional investors. The product, developed in collaboration with LSEG’s electronic global currency platform, FXall, integrates trading workflows for local currency EM bonds...