In a further signal that regulators may seek to address what they see as information and process asymmetries within HFT firms’ trading strategies, the UK’s FCA last month published a research paper claiming that latency arbitrage results in a global “tax” on non-HFT investors in equity markets. The paper says HFT firms’ use of faster information access and more efficient processes to complete trades gives them a speed advantage over other players, and suggests that eliminating latency arbitrage would result in a 17% reduction in trading costs.
A-Team Insight Briefs
This webinar has passed, but you can view the recording here. This A-Team Webinar looks at the implications of the emerging legal entity identifier (LEI) for financial institutions as they address how to implement the new standard, and offers suggestions on best practices as the LEI becomes available. The industry initiative to develop and promote...
Pico is pushing on with its global expansion plan and taking advantage of its acquisition of Corvil with a refit of its Jersey network and the deployment of Corvil network performance monitoring and analytics on top of the network. The new network, the company’s latest investment in its PicoNet proprietary global financial markets network, is...
Now in its 4th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...