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The OFR Should Leverage Existing Regulatory Reports and Focus on Systemic Risk Only, Says the Cluff Fund Report
Following on from the decision to establish two new US federal bodies to monitor and address systemic risk – the Financial Stability Oversight Council and the Office of Financial Research – as part of the Dodd-Frank Act, the Anthony T Cluff Research Fund has collected together industry opinion on how these two bodies should operate,…
CFTC and SEC Seek Input on Joint Proposals for New Algorithmic Descriptions for Complex and Standardised Derivatives
In line with the Dodd-Frank Act’s push to get derivatives onto exchanges and centrally cleared, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have set up a joint study to examine the feasibility of adopting new standardised computer readable codes to identify complex and standardised derivatives. The request for comment…
Bloomberg and Information Mosaic Partner on Corporate Actions
Bloomberg Data Solutions and Information Mosaic executives today announced a strategic partnership to provide a new service that will streamline corporate actions processing and reduce operational risks and costs. For the first time, financial institutions will be able to use the same Bloomberg corporate actions data for investment decisions in the front office, as well…
Rand Report Explores Conflict Between European Data Privacy Laws and E-discovery Requests
FTI Technology, the e-discovery business segment of global advisory firm FTI Consulting, today announced the availability of a RAND Europe report entitled “E-Discovery and Legal Frameworks Governing Privacy and Data Protection in European Countries.” The complimentary report, which is available for download at the FTI Technology site, provides guidance on a common challenge for multinational…
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) – providing hardware-based acceleration for processing typically performed in software – are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well. Fixnetix and Wall Street FPGA are providing two such examples, as hardware acceleration…
IMA’s Sears Warns of the Dangers of Leaving Lawyers to Define Industry Standards
Last week’s MiFID Forum in London saw Guy Sears, director of Wholesale at the Investment Management Association (IMA), warn attendees of the dangers of leaving it up to lawyers or regulators to decide on the best data standards for use within the context of MiFID reporting. He indicated that such a move is potentially damaging…
European Commission’s Leaked MiFID Review Paper Highlights Data Standardisation Challenges Ahead
Following on from the slew of technical advice and consultation papers that have been issued by the Committee of European Securities Regulators (CESR) over the course of this year, the European Commission has finally drawn together its public consultation document on the subject of the MiFID Review, a draft of which was leaked last week….
Broadridge Introduces the First Mobile ProxyVote Platform
Proxy voting moves to the next generation of advanced technology with today’s announcement by Broadridge Financial Solutions, Inc. (NYSE:BR) that its ProxyVote.com platform will be available on mobile data devices such as smart phones and tablets in early 2011. The announcement and demonstration was made at Broadridge’s annual Investor Communications Conference, held today in New…
BT’s Pickles Discusses the Data and Risk Management Aspects of the Sequel to MiFID
Although there has been significant focus on the front office and trading impacts of the MiFID review, there are a whole host of middle and back office concerns to consider. Reference Data Review speaks to Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT, about his perspectives on these challenges. There has…
Missing a Trick?
The breakdown of the time spent on each area for discussion at yesterday’s MiFID Forum was indicative of the general press and industry attention that is being given to certain aspects of MiFID over others. The majority of the presentations focused on the front office and market data impacts of the directive’s revisions (with good…