RegTech Insight Blogs The latest content from across the platform
Datactics RegMetrics User Monitors 10 Million Records to Ensure Data Quality
Datactics has implemented its RegMetrics data quality reporting solution at a Tier 1 global bank. The bank is using the software to monitor over 10 million underlying records, which requires hundreds of millions of data points to be processed. The bank is also building predictive analytics on top of the RegMetrics framework to monitor data…
Driving Business Value Out of the Legal Entity Identifier
The Legal Entity Identifier (LEI) is useful as a unique, unambiguous and persistent entity identifier, but when integrated with other datasets such as securities it can deliver both operational and business benefits. Issues around driving business value from the LEI were discussed during a recent A-Team Group webinar that was moderated by A-Team editor Sarah…
ESMA Raises Alarm About Systematic Internalisers
The European Securities and Markets Authority’s chair, Steven Maijoor, has raised an issue concerning the use of systematic internalisers (SIs) to circumvent MiFID II rules, writing to European Commission director general Olivier Guersent earlier this month. In a letter dated February 1 and released to the public on February 14, Maijoor wrote that market participants…
When Is Lower Latency Worth The Effort?
Shaving response times by nanoseconds can produce value in high-frequency trading, but the cost of achieving that size of an improvement in latency, in resources and time, can be too high for trading of more complicated types of securities, according to low-latency services and market access platform providers. “High frequency traders are responding at a…
MiFID II and PRIIPs: The Double Act
By: Ronan Brennan, chief technology officer, Silverfinch As at 1st January 2018, the financial services industry will be served a double whammy of regulation – Markets in Financial Instruments Directive II (MiFID II) and Packaged Retail and Insurance-based Investment Products (PRIIPs). While there are key differences between these two regulations, the common characteristics are worth…
FactSet Details Ultimate Goal of Servicing the Complete Portfolio Lifecycle
FactSet is delivering on its aim to serve the portfolio lifecycle through acquisition, partnership, integration and a focus on providing clients with a choice of modular solutions. Previewing the year ahead, its plans include continued integration and enhancement of acquisitions Portware, Cymba and Vermilion, support for compliance with regulations including Markets in Financial Instruments Directive…
ICE Atrium Acquisition Streamlines New York-Toronto Low Latency Ties
The Intercontinental Exchange’s (ICE) acquisition of TMX Atrium, the wireless and extranet infrastructure services business owned by Canadian exchange operator TMX Group, could expand the low latency networks available to customers of ICE’s NYSE subsidiary. Following ICE’s acquisition of Interactive Data in December 2015, that company’s 7ticks low latency network was integrated with NYSE’s Secure…
ESMA States its Case on Distributed Ledger Technology
The European Securities and Markets Authority (ESMA) has stepped into industry discussion on the pros and cons of distributed ledger – or blockchain – technology (DLT) and concluded that regulatory action is premature at this stage, but may not be in the longer term. The authority issued a report this week, The Distributed Ledger Technology…
Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?
If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that get it right? These issues and more were debated during a panel session at last week’s A-Team Group Intelligent Trading Summit in London. Intelligent Trading…
FCA Discusses Progress on MiFID II Policy and Practicalities of Implementation
Details on final requirements and the implementation of Markets in Financial Instruments Directive II (MiFID II) will continue to be published over coming months, leading the UK Financial Conduct Authority (FCA) to conclude that serious efforts must be made towards achieving compliance on the 3 January 2018 deadline, although perfection is not expected. Stephen Hanks,…