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US Regulation Experts: Blockchain Could Require Exchange Registration
Could using blockchain require registration with US regulators as a broker or exchange? That’s the caution sounded in a discussion of the legal and regulatory challenges for banks using new financial technology hosted by Polsinelli, a law firm with offices in 20 US cities, at its New York office on December 8. The US Securities…
Time Stamps Key To Market Data Performance, TCA Provider Tells Webinar
To get the highest performance possible from managing market data operations, especially connectivity, a deterministic approach may not be the only one that should be taken, observed Louis Lovas, director of solutions at OneMarketData, who spoke in a December 8 webinar sponsored by the transaction cost analysis provider, and hosted by Intelligent Trading Technology and…
Thomson Reuters-BestX Link Enhances TCA With More Data
The pairing of Thomson Reuters and FX analytics specialist BestX puts together a comprehensive data set with more analytical functions and visualisation capabilities, according to executives from both companies. In the partnership announced December 5, Thomson Reuters will offer connectivity to BestX’s transaction cost analysis (TCA) service, and Thomson Reuters users may send trades automatically…
MiFID II post Brexit
Intelligent Trading Technology Video MiFID II post Brexit The shock Brexit decision by the UK to leave the EU sent waves of uncertainty through the trading markets. But what happens now? What timetable should both the UK and international banks and brokers and institutional clients be working to in order to prepare for the reality…
Wolverine Chooses Corvil To Pinpoint Latency Issues
Trading execution services provider Wolverine Execution Services (WEX) has chosen trading analytics provider Corvil’s platform to navigate factors affecting the functions in the trading environment such as networks, messaging, order routing and client support desk actions, according to company officials. “Generally, Corvil has allowed us to tie everything together,” says Troy Googins, head of product…
Smart Contracts Show Potential; Progress Limited So Far
Experts on the deployment of blockchain technology to handle smart contracts, which facilitate trust between parties in a transaction, are disagreeing about how much blockchain is being applied to smart contracts so far. The battle was joined in a panel discussion at the Blockchain for Wall Street conference hosted by the Wall Street Blockchain Alliance…
Message Automation Building CCP Data Harmonization
Derivatives post-trade data management provider Message Automation’s signing of Societe Generale Corporate & Investment Banking (SG CIB) as a client on November 23 is a first step in making its central counterparty (CCP), exchange and broker data more comprehensive, said Hugh Daly, CEO and founder of Message Automation. “We started with the big clearinghouses that…
Buy-Side Waking Up To MiFID II Impact On Research Fees, Says Fidessa Executive
In recent weeks, the understanding of how to implement the rules for commission payments set in Europe’s MiFID II regulation has changed, according to David Pearson, head of post-trade strategy at trading platform provider Fidessa. “The understanding now is that a broker must be paid for services they provide to clients, whatever those services are,”…
FINRA Bans Spoofing and Layering Practices In Its Markets
The Financial Industry Regulatory Authority (FINRA), the US self-regulatory organization serving the NYSE, Nasdaq and other US-based exchanges, has submitted a proposal to the US Securities and Exchange Commission to sanction trading practices commonly known as “spoofing” and “layering.” FINRA has proposed adding provisions to Rule 5210 of the US Securities Exchange Act of 1934…
SROs To Select CAT Builder within Two Months Following SEC Approval of NMS Plan
The Securities and Exchange Commission (SEC) has approved the national market systems (NMS) plan that will create a consolidated audit trail (CAT) designed to help regulators improve tracking of trading activity in the US equity and options markets. Within two months of this week’s approval, self-regulatory organisations (SROs) must select an organisation, or plan processor…