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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…
Q&A: Interxion’s Patrick Lastennet on Demand For Co-Lo, Clouds and Big Data
We’ve been seeing a continued focus on companies that offer data centres for co-location and proximity, and how they are proving attractive offerings to trading firms needing to navigate an increasing regulatory landscape, and also to vendors looking to tap into liquidity hubs. IntelligentTradingTechnology.com spoke to Interxion’s director of marketing and business development for financial…
CounterpartyLink Fattens Legal Entity Data Feed to Support Regulatory Compliance
CounterpartyLink is helping users of its legal entity data meet regulatory compliance and risk requirements with the addition of deeper beneficial ownership information and the inclusion of CFTC Interim Compliant Identifiers (CICIs) in its data feed. Additional data fields to support the extended information have been included in the legal entity database that CounterpartyLink distributes…
Tibco Scales Spotfire 5 In Memory; Partners with Teradata
Tibco Software has announced Spotfire 5, the latest version of its analytics platform, which leverages in-memory functionality derived from Tibco’s ActiveSpaces data grid to improve performance. Separately, the company has extended its partnership with data warehouse vendor Teradata. “Spotfire 5 is capable of handling in-memory data volumes orders of magnitude greater than the previous version…
Q&A: Dataminr’s Ted Bailey on Hotspots Among The Hashtags
Specialising in creating “actionable insights” for financial traders from the deafening noise that is Twitter, Dataminr recently made its own news by raising $13 million in Series B funding (for a total to date of $16 million). We spoke to Dataminr founder and CEO Ted Bailey to find out more about the company and its…
Nasdaq OMX Sets up Data Storage Solution in the Amazon Cloud
Nasdaq OMX is challenging regulatory data management requirements with a cloud platform powered by Amazon Web Services (AWS) and tailored by Nasdaq OMX to provide secure and scalable data storage that cuts the cost of existing internal and external storage options. Called FinQloud, the cloud platform initially offers two regulatory solutions for US financial firms,…
European Commission Consults on Compilation of Indices and Benchmarks
The European Commission’s spotlight on data transparency has panned out to cover benchmarks and indices. Following the Libor scandal and the Commission’s move to amend proposals for market abuse regulation and criminal sanctions to clarify that any manipulation of benchmarks is illegal, it has issued a consultation paper on the production of benchmarks and market…