RegTech Insight Blogs The latest content from across the platform
Q&A: OneMarketData’s Louis Lovas on TCA, Latency and Big Data
Transaction Cost Analysis (TCA) is of increasing importance to trading success and while it is very much a business imperative, implementing it and putting it to effective use relies on a combination of low-latency technologies and big data approaches. IntelligentTradingTechnology.com got the TCA low down from Louis Lovas, director of solutions at OneMarketData. Q: To…
Knight Under New Ownership Following ‘Algos Gone Wild’ Debacle and $440 Million Trading Loss
Knight Capital Group now has new owners as a result of hastily arranged $400 million equity refinancing, required to keep the trading firm alive after trading losses last Wednesday of $440 million, the result of algorithmic trading that went horribly wrong. The new equity – two percent preferred shares that may be converted into common…
Markit Combines CVA and Capital Solutions Ahead of Basel III
Markit has combined its credit valuation adjustment (CVA) and regulatory capital solutions on one platform with a view to helping banks reduce the costs and overheads of meeting Basel III capital requirements. The Markit Analytics CVA & Capital platform integrates the management of CVA and internal model capital, allowing users to meet Basel III regulatory…
EDM Council Promotes Data Management Maturity Model as Industry Standard
The Enterprise Data Management (EDM) Council has completed the core content of a Data Management Maturity (DMM) model aimed at helping financial services firms improve risk management and operational efficiency. The EDM Council expects the DMM to become an industry standard and suggests it could, in the long term, become a regulatory requirement for firms…
FSB Private Sector Preparatory Group Agrees LEI Development Schedule
The first meeting of the Legal Entity Identifier (LEI) Private Sector Preparatory Group (PSPG) initiated by the Financial Stability Board (FSB) and held in New York last week consulted on the development and use of a global LEI system, concluding that any system should ultimately extend beyond financial markets to cover the global financial services…
Winning the Big Data Race for Trading Communication
By Paul Metcalfe, Orange Business Serviceswww.orange-business.com Big data is increasingly becoming a key concern for technologists, especially with the recent introduction of recording for voice and SMS on mobile phones for trading activities in the UK. As additional voice recording requirements contribute to the growing repository of data firms have to hold to comply, the…
Talking Reference Data with Andrew Delaney: Bringing Markit EDM to Market
In recent weeks, on my usual rounds of meetings in the City – and in New York during Sifma week – I have been peppered by questions about the recent spate of corporate activity among enterprise data management platforms. In the two most visible examples, big data vendors have snapped up small, second-generation EDM platform…
Q&A: Bay Microsystems’ Gerry Jankauskas on Wide Area Network Latency Optimisation
As trading firms roll out their operations across geographies, connectivity and associated latency considerations move focus from local network fabrics to wide area ones. And that presents many new challenges. IntelligentTradingTechnology.com connected with Gerry Jankauskas, CTO at Bay Microsystems, to find out what part his company plays in the solution. Q: When was Bay Microsystems…
CFTC Names DTCC and Swift to Provide CICIs Ahead of FSB LEI Development Meeting
The Commodity Futures Trading Commission (CFTC) has designated DTCC and Swift as the provider of CFTC Interim Compliant Identifiers (CICIs) that will be used by registered entities and swap counterparties to comply with the CFTC’s swap data reporting regulations. The CICI identifier and its infrastructure that will be used by the CFTC are billed as…
Bank Sarasin Tackles Corporate Actions Operational Risk with Aim Software
Swiss private bank Bank Sarasin has increased its investment in Aim Software solutions, adding the company’s corporate actions data scrubbing and matching capability to an existing data management structure based on Aim’s Gain platform and supporting pricing and static data since 2002. The bank looked at a range of corporate actions solutions to automate manual…