RegTech Insight Blogs The latest content from across the platform
Sterling Buy-Side Platform Adds Clearpool Algo Management
Sterling Trading Tech is adding to its Sterling Trader Elite buy-side platform, which offers algorithmic order entry, bringing on Clearpool Group’s Algorithmic Management System, according to Jim Nevotti, president of Sterling Trading Tech. Users of Clearpool’s system will be able to access Sterling algorithmic trading and order management tools. “Clearpool is growing and getting visibility,”…
BCBS Says Bank Compliance with Risk Aggregation Principles is Unsatisfactory
The Basel Committee on Banking Supervision (BCBS) reports that the level of compliance with its principles for effective risk data aggregation and reporting is unsatisfactory at globally systematically important banks (G-SIBS). It urges the banks to step up their efforts and recommends that they should develop clear roadmaps to achieve full compliance, supervisors should communicate…
Why You Should Think About TCA Earlier When Trading
Transaction cost analysis (TCA) is mostly viewed as an after-the-fact function, or at best, a task that is performed alongside transactions in real-time. However, some service providers are beginning to think about and develop “pre-trade” TCA as a new element of risk management. Pre-trade TCA also could re-shape data management by accounting for smart order-routers’…
ANNA DSB Opens Test Platform for OTC ISINs and Outlines Further Plans
The Derivatives Service Bureau (DSB), a subsidiary of the Association of National Numbering Agencies (ANNA) designed to issue ISIN identifiers for OTC derivatives under Markets in Financial Instruments Directive II (MiFID II), has opened its user acceptance testing platform to the industry. The platform provides near real-time allocation of ISINs for OTC derivatives and generates…
Join next week’s Data Management Summit for the Low-Down on Data Governance
Data governance, lineage and quality are in the spotlight at next week’s A-Team Group Data Management Summit in New York City, with discussion expected to focus on progress, regulatory impact, strategic approaches and the potential benefits of a strong data governance framework beyond regulatory compliance. Michael Vapenik, enterprise data governance officer at American Express, will…
Go West, Old Exchange!
Following the EU’s block of the London Stock Exchange merger with Deutsche Boerse, LSE could consider North American suitors with lower regulatory hurdles By: Jim Northey, Principal Services Consultant, Itiviti Coming as no surprise on the same day as the letter invoking Article 50 to separate the UK from the European Union, the EU on…
Project Sentinel Makes Headway on MiFID II Compliance
Project Sentinel, a consortium of banks working to mutualise the cost of implementing Markets in Financial Instruments Directive II (MiFID II) in the OTC front office, will pass a significant milestone on Monday 3 April when Adaptive, a software firm selected by Sentinel as a technology provider, will deliver the backbone of the Sentinel solution…
Firms Face Lack of Clarity on MiFID II Data Transparency Obligations
Meeting the data transparency obligations of Markets in Financial Instruments Directive II (MiFID II) continues to be a challenge for financial institutions struggling to manage the scale of change presented by the regulation, improve data quality to achieve transparency, and implement solutions without final clarity from the European Securities and Markets Authority (ESMA) on outstanding…
OFR Closes Data Standards Breach with Financial Instrument Reference Database
The US Office of Financial Research (OFR) has stepped into the reference data standards debate with plans to prepare and publish a financial instrument reference database including a set of standards for creating and describing financial instrument reference data. The OFR also plans to add a taxonomy or ontology to establish how instruments relate to…
Challenges of MiFID II Reporting Leave Firms Unready for Compliance
Few financial institutions are ready to meet the requirements of transaction reporting under Markets in Financial Instruments Directive II (MiFID II), while many are facing ongoing challenges including understanding the regulatory requirement, sourcing required data and integrating standard data codes. The data management challenges of MiFID II transaction reporting, approaches to compliance, and the benefits…