RegTech Insight Blogs The latest content from across the platform
IT Innovation Pays Dividends for Financial Leaders
By Thomas Kejser, Fusion-io www.fusion-io.com Time is money. In the finance industry, the truth of this adage has driven leaders to the forefront of the technology adoption curve. When microseconds and milliseconds mean the difference between profits and losses, financial organisations soon build up teams of phenomenal IT experts to ensure the infrastructure powering the…
Volksbank Employs MXG Team for Misys to Murex Migration
Volksbank ?sterreich is working with Murex system integrator MXG Team to migrate its trading and risk management activities from Misys Summit and Kondor+ platforms to a single Murex 3.1 MXpress platform. Phase 1 of the project was completed at the end of November 2012 and migrated a Summit front-to-back office system to the Murex platform…
US Senate Names Former Morgan Stanley Economist Berner as OFR Director
The US Senate has named former Morgan Stanley executive Richard Berner as the first director of the Office of Financial Research (OFR). The OFR was set up under the Dodd-Frank legislation within the US Treasury Department and charged with tasks such as the development of a global legal entity identifier (LEI) system that will improve…
Analysis: Lightower/Sidera Merger
Over the holidays, it was announced that Lightower Fiber Networks and Sidera Networks are to merge. Here’s some more on the deal based (in large part) on a briefing from Sidera CEO Mike Sicoli … * The new company – name TBD and valued at $2 billion – is being created by Berkshire Partners acquiring Lightower…
Australia’s ASIC Taps First Derivatives Big Data Solution for Market Surveillance
The Australian Securities & Investments Commission (ASIC)’s selection of First Derivatives’ Delta Stream+ Market Surveillance solution is aimed at giving the regulator the same kinds of tools available to high frequency traders for monitoring market activity and identifying possible fraudulent behaviour. The deployment of Delta Stream+ is seen as an early application of big data…
The Conservative and Liberal Message: Taxes and Data Rates to Rise in 2013
There are some great certainties in life, such as taxes, death and so on. But death rates and taxes can go up and down. Not so with market data. There is no argument. Data rates always go up. Although 2012 was a notoriously poor year in terms of US trading volumes, aggregate market data traffic…
Bloomberg Offers Cautious Welcome to European Commission Decision on Thomson Reuters’ RICs
Bloomberg has responded to the European Commission’s decision to accept proposals from Thomson Reuters that open its Reuters Instrument Codes (RICs) to greater market use, by welcoming the change, but warning that compliance is critical if an open market for consolidated real-time data feeds is to be created. The company stated: “In a press release…
Thomson Reuters to Open Up RICs for Consolidated Feeds Under EC Settlement
The European Commission has ended its lengthy enquiry into Thomson Reuters’ licensing policies for Reuters Instrument Codes (RICs), accepting commitments from the company that will create a more fluid market for real-time consolidated data feeds. The deal creates a new environment for Thomson Reuters as it finds itself competing in an increasingly open market. The…
Talking Reference Data with Andrew Delaney: Stirred, Not Shaken
David Craig isn’t an actor who plays James Bond (that’s Daniel Craig). Nor, for that matter, is he a soul singer from Southampton (that’s Craig David). Rather, he’s the president of Thomson Reuters Financial & Risk, the former Thomson Reuters Markets. As part of a full-scale reorganisation of Thomson Reuters that established four client-defined business…
Mark Davies Takes Role of CEO at Avox as Ken Price Steps Down
Ken Price has left his role as CEO of Avox, making way for DTCC business development head Mark Davies to take the CEO’s role at the reference data company. UK-based Avox was co-founded by Price and acquired by DTCC in July 2010, at which time Price said he would leave the company once it had…