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Riskart Announces Release of New OTC Derivatives Publishing Mechanism
Following the announcement of the decision from the Committee of European Securities Regulators (CESR) to back European Commission plans to compel transaction reporting on OTC derivatives, Riskart today announced the release in beta test of its new XML-based publishing module. This will allow the publication in XML in compliance with FpML standards from its OTC…
UK FSA Confirms Data Format of Reports for Derivatives on Regulated Markets
The deadlines may have slipped but the UK Financial Services Authority (FSA) has released more details surrounding the formats required for its new Alternative Instrument Identifier (AII) transaction reporting regime. The regulator last week released a new document aimed at confirming the way in which transactions in reportable securities derivatives admitted to trading on a…
Call to Action from WFIC – Swifter, Higher, Stronger
The task now facing market data practitioners is to innovate in order to generate an essential renewal of the financial markets, according to Jon Robson, president, Enterprise at Thomson Reuters, who set the tone for the rest of the bi-annual World Financial Information Conference (WFIC) in his opening keynote speech. Relating the conference to the…
It’s Getting Better …
… Getting better all the time. That’s my assessment of the economy as far as spending on IT by Wall Street is concerned. Sorry, having just picked up the remastered Beatles classic Sgt. Pepper’s Lonely Hearts Club Band, I couldn’t resist tapping Lennon/McCartney’s track 4 title for this blog post. I’ll offer just a couple…
B-next Extends Data Reach with Interactive Data Agreement, Extends Ambitions to UK
Compliance and regulatory reporting platform vendor b-next has recently signed an agreement with Interactive Data under which the data vendor will provide global pricing and reference data to feed b-next’s MACOC software solutions. The deal is part of the German vendor’s ambitions to crack the UK market and should help it in the effort to…
Another Delay to UK FSA’s AII Deadline for Derivative Transaction Reporting
The UK Financial Services Authority (FSA) has just announced yet another delay to the go live date for transaction reporting using the Alternative Instrument Identifier (AII). The deadline was delayed from November 2008 to the first quarter of 2009, then another announcement in February this year delayed the deadline by which approved reporting mechanisms (ARMs)…
SmartStream Launches Reference Data Utility Offering, Announces First Client
As first revealed by Reference Data Review in May last year, the Dubai International Financial Centre’s (DIFC) DClear subsidiary has been working on a reference data utility for some time. DClear Utilities, which is now a part of DIFC owned SmartStream Technologies, has now officially been launched on the market and has just bagged its…
UK FSA Fines BarCap £2.45m for Data Errors in Transaction Reporting
The Financial Services Authority (FSA) has slapped Barclays Capital Securities and Barclays Bank with a £2.45 million fine for failing to provide accurate transaction reports to the regulator over a period of a year. The FSA indicates that Barclays and its subsidiary had serious weaknesses in systems and controls in relation to transaction reporting, which…
Now it Makes Sense … Blade and NYSE Euronext
A few inquiring minds have been asking me lately about a company called Blade Network Technologies, and specifically why it is participating in a panel “Building the World’s Fastest Trading Network” at next week’s High Performance Computing on Wall Street conference – it’s a panel that I am moderating, and also includes Stanley Young from…
Beware Latency Monitoring on the Cheap
Interesting to read a couple of reports of late regarding a “breakthrough” in the world of network latency monitoring – apparently boffins at a couple of universities have come up with an inexpensive way to measure network delays at the tens of microsecond level – and they reckon that Wall Street is going to be…