Data Management Insight Blogs The latest content from across the platform
After the Gold Rush: Challenges in Finding Liquidity for Today’s Sales Traders
By Kurt Huhner, Vice President, Business Development – Americas, Fidessa Sales trading lends itself to one of the things that the human brain does better than any computer – pattern recognition – making the leap between potential buyers and sellers. But the role has undergone some fundamental changes over the past few years and, in…
Markit Partners WorkFusion to Automate Manual Processes and Deliver Greater Value to Customers
Markit has teamed up with WorkFusion to automate some of the high volume manual processes that support its Information, Processing and Solutions business divisions. Automation is expected to increase the efficiency and accuracy of the processes, improve operational performance, reduce costs, and enable the company to deliver greater value to its customers. Markit considered building…
A-Team Webinar Discusses Practical Considerations of MiFID II Compliance
The lack of final rules for Markets in Financial Instruments Directive II (MiFID II) is holding back implementation, but is only one of many problems faced by firms within the scope of the regulation. Other challenges include the regulation’s requirements in relation to non-equity instruments, particularly bonds, algo and high frequency trading, best execution, transparency,…
TMX Atrium Adopts NPL Time to Offer Accurate Time Stamp Service
TMX Atrium has signed an agreement with the UK’s National Physical Laboratory (NPL) to distribute NPL Time, a certified and precise time signal that is directly traceable to Coordinated Universal Time and can be used by TMX Atrium customers for regulatory compliance and audit purposes. TMX Atrium’s adoption of the NPL Time service is designed…
SimCorp Connects Its Order Manager to Bloomberg’s EMSxNET?
SimCorp and Bloomberg today announced that SimCorp’s Order Manager has joined the partnership network of Bloomberg EMSxNET, a FIX network that provides order routing to brokers connected to the Bloomberg Professional service. EMSxNET not only provides order routing facilities for SimCorp’s Order Manager customers, but also publishes trade data securely back into the customer’s Bloomberg…
Velocimetrics Adds Machine Learning to Market Data Quality Solution
Velocimetrics has integrated machine learning into its market data quality solution, which was introduced about 18 months ago and is designed to accurately assess the timeliness and correctness of market data on a real-time basis. The addition of machine learning automates the task of categorising instruments in terms of what ‘normal’ should look like for…
CFTC Technology Advisory Committee Takes Tough Stance on Automated Trading Regulation
The Technology Advisory Committee (TAC) of the US Commodity Futures Trading Commission (CFTC) reconvened this week after a 20 month intermission. On the agenda were regulation of automated trading, swap data standardisation and harmonisation, and the potential of blockchain technology. Timothy Massad, chairman of the TAC, opened discussion on the Commission’s proposed rule to address…
ESMA Consultative Working Group Expected to Influence Outstanding MiFID II and MifIR Issues
The European Securities and Markets Authority (ESMA) call for market data experts to join its consultative working group (CWG) closes in less than two weeks time, with those selected to join the group expected to have considerable influence on regulatory market data issues during their two-year term. While ESMA is unlikely to disclose information about…
Investment Data Utility Plans Pilot of its Data Quality Benchmark Service
The Investment Data Utility is planning a pilot of its peer review service that allows investment managers to benchmark the quality of their reference data, improve data input to business applications and reduce operational errors. While the utility initially supports investment reference data, particularly around securities and issuers, the company’s longer term plan is to…
Global LEI Foundation Development Plan Adds Data Quality Management and Proposes Limited Hierarchy Data
The Global Legal Entity Identifier Foundation (GLEIF) has set out development plans for 2016 including a recently introduced LEI data quality management programme and completion of the accreditation process for LEI issuers – but provision of much needed LEI hierarchy data remains sketchy, with the GLEIF saying only that it expects to design a process…