RegTech Insight Blogs The latest content from across the platform
MarketAxess Pledges Investment in Xtrakter after Acquisition from Euroclear
The agreement between MarketAxess and Euroclear under which the former will acquire the latter’s Xtrakter subsidiary is expected to strengthen MarketAxess’ products and position in European markets, and clear the decks for Euroclear to concentrate on developing core services. The deal includes payment of £25 million ($42 million) in cash and the transfer of 70…
Q&A: Bruce Tolley of Solarflare on Customised Compute
Marrying compute power with low-latency network communications is increasingly necessary for financial applications looking to combine intelligence with outright speed. IntelligentTradingTechnology.com spoke with Bruce Tolley, vice president of solutions marketing at Solarflare Communications to get his take on this emerging trend. Q: What is the ApplicationOnload Engine (AOE), and how is it related to your…
LEI Development Embraces Change and Picks up Speed Ahead of G20 Meeting
The Financial Stability Board’s (FSB) third progress note on the legal entity identifier (LEI) initiative, released last week, has met with a positive response from those involved in shaping the system, potential infrastructure providers and market data vendors, despite changes to some proposals and the collapse of perceptions that have built up during debate on…
Talking Reference Data with Andrew Delaney: Valuations and Electronic OTC Markets
While all eyes seem to be on the LEI and its tortuous birth, many of our clients and contacts are preparing – perhaps more quietly – for perhaps the other great challenge or opportunity of 2013: valuations. Before I set off for New York a couple of weeks ago, I was fortunate to catch up…
Capco Proposes the Creation of a Data Culture to Advance Data Management
Financial firms are falling short on data management issues such as calculating the true cost of data, identifying the operational cost savings of improved data management and embracing social media data, but according to research by consultancy Capco, these issues can be resolved with a cross-organisational and practical approach to data management and the development…
Current Solutions Lacking, Despite Foundational Nature of Reference Data
Reference data management (RDM) is a foundational element of financial enterprises, yet the collection of solutions used to manage reference data in most firms is not satisfactory, according to a report published this week. The report – Reference Data Management: Unlocking Operational Efficiencies, published by Tabb Group in conjunction with data integration specialist Informatica –…
FSB LEI Pow-Wow in Basel: It’s Progress, Jim, But Not as We Know It
Early indications from this week’s Financial Stability Board (FSB) meeting of the Legal Entity Identifier Private Sector Preparatory Group (LEI PSPG) suggest great progress has been made since PSPG working groups were set up in July to consider the governance, operations and data issues of an LEI system. But concern remains around a lack of…
Managing Big Data Woes: A How-to Guide for Hedge Funds
By Mark Kenney, Abacus Groupwww.abacusgroupllc.com The explosion of data over the last several years, coupled with dynamic compliance requirements, has put excessive stress on many firms’ storage capabilities. With the need to juggle multiple strategies, multiple funds and multiple prime brokers, it’s not uncommon for today’s hedge funds to deal with many terabytes of data….
Talking Reference Data with Andrew Delaney: Talking LEI on the LIE
All eyes are on Basel – even here in New York, where practitioners and other interested parties are awaiting with some trepidation the outcome of next week’s Private Sector Preparatory Group (PSPG) meetings to determine next steps for the legal entity identifier. Up and down the LIE – that’s the Long Island Expressway, in case…
A-Team LEI Debate Calls Firms to Action on Issues of Complexity, Control and Cost
Development of a global legal entity identifier (LEI) system designed to curb systemic risk is making progress under the auspices of the Financial Stability Board (FSB), but major challenges remain as the industry and individual firms tackle the complexity of implementing the LEI, consider control mechanisms to maintain its integrity and find budget to fund…