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A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
News – Machine Readable – is in the News
The low-latency delivery of machine readable news – to drive trading algorithms before the market moves – is a continuing story in itself. So here’s a quick roundup of recent headlines, including news from Selerity, Deutsche Borse, RavenPack and Thomson Reuters … * Selerity has installed an aggregation point of presence at Equinix’s Frankfurt data…
Q&A: TMX Datalinx’s Eric Sinclair on Global Expansion
In the wake of a called off merger with the London Stock Exchange, the acquisition this summer of Atrium Networks by Canada’s TMX Group gives it a global distribution network for its data services. IntelligentTradingTechnology.com found out more from Eric Sinclair, president of TMX Datalinx and group head of information services. Q: Can you explain…
MiFID II Proposals: Perspective from MarketAxess
MarketAxess Holdings, the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other fixed income securities, reiterates its views on the range of proposals outlined in the Markets in Financial Instruments Directive II (MiFID II), which is scheduled to be finalized in October. MarketAxess believes that:…
Virginie’s Blog – Things Keeping the Industry Awake at Night (About the LEI)
Standards are tricky beasts, they may be developed for one purpose and misused, and they are also often appropriated for purposes for which they were not initially intended. So choosing the right standard for something as important as legal entity identification (LEI) is obviously not a decision to be taken lightly and it is one…
NYSE Technologies Rolls Enterprise Ticker Plant
Based on several component products, NYSE Technologies has introduced its Enterprise Ticker Plant, designed to deliver market data to a wide variety of applications across a trading firm, from low-latency algorithmic trading systems to desktops running Microsoft Excel spreadsheets. Says Brian Doherty, global product manager for Data Fabric, the offering is essentially a productisation of…
Virginie’s Blog – MiFIR: A New Breed of Data Requirements
Rather than opting for an all in one directive to herald the second coming of MiFID, the European Commission has split the update into two parts: a regulation and a directive. The Markets in Financial Instruments Regulation (MiFIR) should be of particular interest to the data management community due to its focus on all aspects…
Speed Bumps Ahead for FAST?
That might be the case for the FIX Adapted for Streaming (FAST) protocol, should a little known company with a litigious streak win the day. According to information that recently came to light, Realtime Data – which also does business as IXO – is in patent litigation with a number of banks, exchanges and market…
Virginie’s Blog – To Share or Not to Share?
As expected, the issue of data sharing across regulatory borders has proved to be a particularly controversial issue over recent months. A case in point is the recent response to the Financial Stability Board (FSB) by the Global Financial Markets Association (GFMA) on the subject of recovery and resolution planning, which suggests that home country…
UK FSA Provides More Derivatives Transaction Reporting Data Details, Including Cleared Derivatives Reporting Requirements
Last month, the UK Financial Services Authority (FSA) launched its Zen transaction reporting and market surveillance system for the collection of Alternative Instrument Identifier (AII) codes and has opened a four month window for firms to adopt the codes ahead of the November deadline. Accordingly, this month’s FSA Market Watch newsletter is focused on providing market…