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Don’t Forget the Internal Data Controls When You Outsource
By Andrew Sexton, Director of Curium Data Systems Asset managers and other financial services companies outsource many business functions across the enterprise to service providers, which enables them to focus on their core competencies such as product development and investment performance. The data management component supporting those functions is often included in the outsourcing arrangement….
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…
Shareholder Disclosure Requires Investment to Tackle Increasing Complexity
Shareholder disclosure remains a problem for financial firms, with many needing to invest in software and workflow tools to improve their processes. The increasingly complex issues of disclosure were discussed during an A-Team Group webinar that considered whether firms are on top of this regulatory challenge. A poll of the webinar audience set the scene…
Data Management Summit Discusses How Best to Set up and Develop Data Governance
Data governance was a hot topic at A-Team Group’s Data Management Summit (DMS) in New York City with Sanjay Saxena, head of enterprise data governance at Northern Trust, presenting best practices for setting up data governance, a panel discussing how to evolve data governance, and many more questions being asked and comments being made on…
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,”…
A-Team DMS Tackles Challenges of Big Data, Regulation, Data Value and More
A-Team Group’s New York City Data Management Summit (DMS) kicked off with a keynote presentation on the 800lb gorilla of big data, and panel discussions dedicated to regulation and the data management response for 2017, and challenges that are keeping chief data officers (CDOs) awake at night. Michael Stonebraker, adjunct professor at MIT and co-founder…
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…
Best Practice Approaches to Economic Sanctions and Related Securities
Economic sanctions can pose difficult data management and compliance problems, particularly at the securities level, but automated services that identify and manage securities related to sanctions can help firms improve compliance and avoid penalties for breaches. The challenges of effective sanctions data monitoring, as well as the opportunities of getting this right, were discussed during…
Integration and Development Capabilities Sell Vontobel On Horizon Platform
Zurich-based Vontobel, which has CHF 187 billion in assets under management, chose Horizon Software’s Horizon Platform for Automated Trading (HPAT) for its electronic trade execution because of the platform’s ability to develop algorithms, handle reporting, meet compliance requirements and integrate in a timely and low-risk manner with the firm’s trading environment, according to Sylvain Thieullent,…