TradingTech Insight Blogs The latest content from across the platform
Hedge Funds Gulping Up Alternative Data for Competitive Gain
Use of alternative data is on the rise, and a new study from the Alternative Investment Management Association (AIMA), in collaboration with fund services and technology provider SS&C, finds that more than half (53%) of surveyed hedge funds globally now use alternative data to help them generate outperformance. Alternative data is unconventional or non-market data…
Pico Taps Frank Troise as Co-CEO
Markets technology and infrastructure specialist Pico has named electronic trading veteran Frank Troise as co-CEO in what current chairman, CEO and founder Jarrod Yuster terms the latest step toward taking the company to the next level of growth. The move – which will tap Troise’s operational expertise to support Pico’s expansion across its target market…
Are we Reaching an Inflexion Point in Regulatory Compliance?
In its 11th annual Cost of Compliance survey, Thomson Reuters warns that financial services firms are facing a cyclical shift in the way they must handle compliance obligations: as issues including a tightening of risk and compliance budgets, regulatory and cultural change and the possibility of increasing personal liability all point towards a long-term trend…
New Managed Data Service from Bloomberg Opens up Enterprise-Wide Access
Bloomberg has launched a new managed service, Data License Plus (DL+), to aggregate a client’s Bloomberg data into a single dataset, enabling users to explore and interact with it through a web-based user interface. The new service aims to make DL data easier to access throughout the enterprise, while reducing the need for data processing….
Ones and Zeros: How Asset Managers Can be Digital Transformation Heroes
By Phil Davies, CTO of Milestone Group. The pace of digital transformation in asset management has been referred to as glacial. However, this new decade comes at an inflection point – over the past couple of years, the discussion has picked up considerably with firms finally embracing the digital ecosystem. People have built up both confidence…
Covid-19: The Importance of a Centralised Book of Records for Accurate Stress-Testing
By Joseph Cordahi, Product Strategy Director at NeoXam. Stress-testing has become a common tool of regulators and central banks to assess the readiness of banks to deal with sudden volatility in global markets. With Wall Street suffering its worst day since the 1980’s in March, and Covid-driven volatility set to grip the global economy for…
Trade Body Calls for Stronger FinTech Regulatory Framework
While the UK has set the global standard for an effective and supportive approach to FinTech regulation, as the sector matures, change is needed to help launch more firms successfully into the global market, according to a new report from financial services trade association TheCityUK. Regulatory hurdles remain a barrier and difficult to understand within…
ESMA Approves DTCC as SFTR Trade Repository
DTCC’s Global Trade Repository (GTR) service is now approved for SFT reporting after an announcement last week by ESMA extended registration approval to four new trade repositories including the DTCC Derivatives Repository, along with the LSE’s UnaVista TRADEcho, Krajowy Depozyt Papierów Warto?ciowych, and REGIS-TR. The SFT will be offered out of DTCC’s European trade repository,…
IHS Markit Swallows Catena Technologies
Global information and analytics giant IHS Markit has acquired Singapore-based Catena Technologies, a regulatory trade reporting provider, in a bid to boost its regulatory compliance offering worldwide. Founded in 2002 as a FinTech consultancy and transformed to become a software-as-a-service (SaaS) provider of trade reporting solutions in 2014. Its flagship TRACE Reporting platform automates and…
ASC Technologies Launches Compliance Recording Function for Microsoft Teams
Germany’s ASC Technologies, a global solutions provider for multi-channel recording and analytics, this week launched a new compliance recording solution for Microsoft Teams, as software providers scramble to adapt and appeal to the world’s new way of remote working. ASC Recording Insights is a native app that records and archives the entire compliance-relevant internal and…