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Uncleared Margin Rules Extension: Building a Roadmap for the Buy-side
By Vikas Srivastava, Chief Revenue Officer at Integral. On the surface, news that BCBS and IOSCO have granted an extension to the final phase of the Uncleared Margin Rules (UMR) is likely to be welcomed by asset managers currently trading uncleared derivatives with a notional between $8 billion and $50 billion. The extension pushes the…
Regulators Discuss SM&CR and IT Failure at UK Parliamentary Hearings
The UK’s parliament’s treasury committee recently held a series of hearings on IT failures in the financial sector. Over the course of the hearings, at which representatives of the Bank of England, the Financial Conduct Authority and the Prudential Regulatory Authority spoke, the regulators discussed work completed and work in progress around operational resilience in…
Refinitiv Shareholders Agree Merger Deal with LSE, David Craig Remains CEO of Refinitiv
Following our review of the London Stock Exchange Group’s (LSEG) proposed acquisition of Refinitiv through a transaction valued at $27 billion, Refinitiv today announced that its shareholders have agreed definitive terms with LSEG on the acquisition. The approval of LSEG shareholders will be sought at a general meeting to be held before the end of…
Ascendant and ipushpull Partner on Digital Transformation Drive
The playing field on which financial services firms are contending is changing. Past competitive playing fields, such as alpha generation or trading strategies, are becoming less important ways for firms to generate revenue – and instead, in their bread-and-butter businesses, firms are focused on either reducing or optimising costs. And technology is playing a major…
LSE in Talks with Refinitiv on $27 Billion Merger Deal
News broke over the weekend that the London Stock Exchange (LSE) is in talks with Refinitiv to take over the former risk and finance unit of Thomson Reuters, in a transaction valued at $27 billion. Should it come to pass – and given the specificity of press reports, it seems it most likely will –…
AlphaDesk Acquisition a Part of an Overall Buy-Side Strategy at Refinitiv, Says Chin
Refinitiv is executing on its strategy to significantly grow its presence in the buy-side arena through its recent acquisition and integration of AlphaDesk, according to Michael Chin, managing director and co-head of trading at Refinitiv. Changing the revenue base Refinitiv, which currently has revenues and a client base that is approximately 60% sell-side and 40%…
New Best Execution Rules Likely Beyond the SEC’s Rule 606 Changes
The focus on improving best execution transparency is likely to continue in the US, beyond the implementation of updates to the Securities and Exchange Commission’s (SEC’s) Rule 606, says Dermot Harriss, senior vice president at OneMarketData. In late 2018, the SEC adopted amendments to Regulation NMS (National Market System) Rule 606(b)(3). The new rules require…
Bringing Alternative Data into the Mainstream
By Martijn Groot, Vice President of Marketing and Strategy at Asset Control. Alternative and unstructured data is rapidly going mainstream. In a recent survey conducted by Adox Research for Asset Control, more than a third of respondents from financial institutions (36%) labelled these new types of data as ‘high importance’ drivers for investment. Alternative data…
Research Unbundling for US Asset Managers: ‘One Size Fits Nobody’
TradingTech Insight sits down with Joel Burnette, Solutions Consultant at Red Deer, to discuss the response to the research unbundling requirements of MiFID II and explore how US markets are handling the new normal. TTI: What has been the most interesting thing about the North American research market’s response to MiFID II? Joel: We have…
EMIR and MiFID Transaction Reporting Challenges Continue to Trouble Firms and Regulators
Data quality is proving to be an enduring albatross around the necks of financial institutions that must comply with EU reporting rules under MiFID II and EMIR. A recent disclosure by the European Securities and Markets Authority (ESMA) shows that matching rates remain poor for derivatives transactions reported under the European Markets and Infrastructure Regulation…