RegTech Insight Blogs The latest content from across the platform
Talking Reference Data with Andrew Delaney: Spreadsheet Wars Reprised
In an interview with the excellent Robert Elms on BBC Radio London the other day, author and autistic savant Daniel Tammet said something along the lines of: “Mathematics is more about how you came up with the answer than the answer itself.” Tammet was promoting his forthcoming new book, Thinking in Numbers: How Maths Illuminates…
New AvoxData Legal Entity Portal to Host Value-Added Data Sets
Avox’s new enhanced legal entity data portal, released last week at www.avoxdata.com, will provide the preferred delivery system for Avox as it integrates value-added data sets to its core identifier offerings. The new capability – not to be confused with parent DTCC’s planned legal entity identifier utility scheduled for imminent release – gives clients secure…
Big Data in Financial Services – Opportunity or Cost?
By John Bantleman, RainStor www.rainstor.com We recently hosted a dinner in New York City with 20 technology executives focused on big data in banking and financial services. I found the event insightful, so I thought it would be interesting to share some of the perspectives from those who attended. The first (and close to my…
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…
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…
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…
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…