TradingTech Insight Blogs The latest content from across the platform
MiFID II and What It Means for Trading in Europe
By Zoe Schiff If you thought MiFID II was a topic confined to the harried people of the EU, think again. Concerned New Yorkers packed a breakfast briefing earlier this month to hear how the far-reaching regulation will impact the European trading landscape – and open opportunities for US traders to broaden their horizons. They…
Thomson Reuters Eases Burden of Regulatory Shareholding Disclosures
Thomson Reuters has added significant shareholder and beneficial ownership data to its DataScope Select reference data platform in support of asset managers that must comply with regulations covering the disclosure of holdings in sensitive industries and holdings that exceed a percentage threshold of the outstanding capital of a company. The global regulations covering these disclosures…
Markit Aims to Improve Third-Party Risk Management with KY3P Platform
Markit has introduced a utility-type service designed to help banks – and other large organisations – improve their operational risk management around third-party products and services. Called Know Your Third Party (KY3P), the service allows third-party vendors to upload and update information about their businesses once, and permission many banks to access the information as…
Questions Remain About Using ISINs as Instrument Identifiers for MiFID II and MiFIR
By Chris Pickles, Co-Chair of FIX Trading Community’s Reference Data Subgroup and Member of the Bloomberg Open Symbology Team The work of the Reference Data Subgroup of the FIX Trading Community starts again this week after the hiatus of waiting for the final recommendations of ESMA regarding Technical Specifications for MiFID II/MiFIR compliance. As these…
Philippe Chambadal Details Development of the SmartStream Reference Data Utility
After the long-awaited public announcement of the SmartStream Reference Data Utility – or SPReD, the Securities Product Reference Data utility – earlier this week, A-Team caught up with SmartStream CEO Philippe Chambadal to find out more about the utility and its ongoing development. The utility is owned jointly by SmartStream, Goldman Sachs, JPMorgan Chase and…
Global LEI Foundation Swings into Action After Taking Operational Control of the Global LEI System
The Global Legal Entity Identifier Foundation (GLEIF) has become the central operating unit of the Global LEI System (GLEIS), ending the interim system overseen and coordinated by the Regulatory Oversight Committee (ROC) of the LEI and setting in motion activities including an accreditation process for pre-Local Operating Units (LOUs), a quality management programme, and expansion…
German Development Bank KfW Implements Markit EDM
KfW, Germany’s largest development bank, has selected Markit’s enterprise data management (EDM) solution to drive BCBS 239 compliance, streamline its data management architecture and support its liquidity and portfolio valuations projects. Markit won the KfW contract after a lengthy public tender process that included a two month proof of concept and gaining business sign off…
Thomson Reuters Increases Frequency of Reference Data Delivery with DataScope Equities Plus
Thomson Reuters continues to build out its strategy of making products as flexible and easy to use as possible with the introduction of Thomson Reuters DataScope Equities Plus, a bulk data feed solution that moves on from intra-day reference data delivery to provide updated data every 15 minutes. Pricing data continues to be supplied on…
Talking Intelligent Trading with Andrew Delaney: A Symphony of Paper Tigers
Some of us were encouraged – relieved, even – to read on various non-value-added news ‘services’ (PR wires?) about the success of the Symphony trader messaging collaboration in securing financial support from Google Alphabet, the new incubator-type funding organisation supported by You Know Who. We were pleased because Google’s support clearly indicated to us that…
The Search for Liquidity in Corporate Debt Markets
This is a contributed article from Andrew Howieson, an advisor to FactEntry. Corporate bond markets are inherently illiquid There is now wide recognition that corporate debt markets lack sufficient liquidity to meet investor trading requirements. Blackrock’s September 2014 paper Corporate Bond Market Structure: The Time for Reform is Now described the trading market structure as…