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US Treasury’s Berner Expounds on the Benefits of the OFR, Discusses the LEI and an Upcoming Conference on Data
This week, the US government organised a roundtable event to discuss the developments around tracking systemic risk and the establishment of the Office of Financial Research. Representing the OFR, Richard Berner, counsellor to the US Department of the Treasury’s Tim Geithner, championed the benefits of reference data standardisation, the recent progress made around setting legal…
Not Much Ado About …
Something or nothing? I guess it depends on one’s POV. I’m referring to today’s deadline for implementing SEC rule 15c3-5 – aka the Market Access Rule – which bans naked sponsored access. While parts of that rule – related to aggregated risk and covering fixed income securities – now do not need to be complied…
Bats Europe Goes West to Equinix’s Community
So, Bats Europe has officially signed on to relocate its matching engines to Equinix’s LD4 facility in Slough, west of London. If all goes well, it will be up and running at its new location in October, as a new member of the ‘community’ there. Of course, if all goes very well, by then the…
Sifma Led Industry Coalition Backs DTCC/Swift as Facilities Manager and Issuer for ISO LEI, ANNA for Support Role
It’s official, the frontrunners in the bid to act as issuer and facilities manager for the incoming legal entity identifier (LEI), Swift and the Depository Trust and Clearing Corporation (DTCC), have received the backing of the 17 strong Sifma led coalition of industry associations and firms (some interesting dynamics in the makeup of the group…
A Low-Latency Rock Battle on Bleecker …
We’re always happy to help out an old friend and a good cause. In this case, music loving Joe Lalicata – one-time Lava Trading and Merrill exec, and now Direct Edge’s partnership’s guy – who is holding a friendly battle of the bands tomorrow night at Kenny’s Castaways on Bleecker Street. Proceeds to the Wounded…
Two Years in Austin – the Low-Latency Capital of the World?
OK, I jest a bit with that headline. But it was two years ago this weekend that my good friend Allan Nixon (he used to work alongside me at Waters many years ago) and I rented a U-Haul and took a road trip from Brooklyn to Austin, Texas. In the back of the van were…
Thomson Reuters’ Roche Takes On Enterprise Realtime – But Not Elektron
With Mike Powell taking over as global head of Enterprise content at Thomson Reuters Markets, long-time real-time tech head Terry Roche is stepping in to take on the role of business head for Realtime, relinquishing his former development responsibilities to Enterprise CTO David Kelly. But Roche’s remit, however, doesn’t extend to Elektron, the Enterprise group’s…
The Network Effect
Looking at the latest news from Sanford C. Bernstein, about them joining SunGard’s Global Network got me thinking a bit. First, what does the “C” stand for? Next, since I couldn’t find an answer to that first one, is where do networks from the likes of SunGard fit in the low-latency world? And it all…
Asset Control’s McGranaghan on the Data Vendor’s Partnership with Oracle
Asset Control is one of a number of vendors working with Oracle to benchmark its technology capabilities with a view to the vendors working closely together to improve the scalability and response times of EDM solution vendor’s platform. Reference Data Review speaks to Donal McGranaghan, senior vice president of product and development at Asset Control, about how…
Strange Bedfellows in Singapore?
Certainly in some people’s eyes. Or maybe just an example of pragmatism, co-operation and even industry standards at work. I speak of the rollout at the Singapore Exchange of pre-trade risk functionality in the form of the Risk Management Gateway from NYSE Technologies. And its soon to be hookup with the exchange’s new matching system,…