RegTech Insight Blogs The latest content from across the platform
Data Management Implications of the Fundamental Review of the Trading Book
Data management for the Fundamental Review of the Trading Book (FRTB) poses problems around identification of risk factors, non-modellable risk factors, internal modelling and regulatory reporting, but solutions can be found by starting early, focussing on data requirements and working with third-party data providers. The data management challenges and opportunities of FRTB were discussed during…
ESMA Says Implement MiFID II with Draft Rules, FIX Calls for Clarity
If you missed the FIX EMEA event last week, there is something you need to know – while the final details of Markets in Financial Instruments Directive II (MiFID II) have not yet been ironed out and the directive’s final rules are not yet published in the Official Journal of the European Journal, there is…
Bloomberg Tradebook’s OPTX Promises Solution For More Complex Markets
Global agency broker Bloomberg Tradebook has launched OPTX, an agency execution platform that uses quantitative data models and analytics to route orders. The launch is a response to what Glenn Lesko, CEO and president of Bloomberg Tradebook, calls “the dynamic nature of the marketplace.” The increased complexity and sophistication of the market presents challenges for…
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…
Data Management Summit Promises Plenty of Compelling Content
Data Management Summit is back in London on March 15th, hosted by A-Team Group and promising a great line-up of speakers who will discuss everything from driving value out of data to data governance, quality, visualisation, client onboarding, Know Your Customer (KYC) and, of course, Markets in Financial Instruments Directive II (MiFID II). It’s going…
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…
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…
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”…