Velocimetrics has implemented an enterprise-wide data lineage proof-of-concept at a major European bank. Driven by regulation BCBS 239, the bank wanted to achieve automated intra-day reconciliation, correlation and trade netting, but was already challenged to achieve T+1. The primary compliance requirement was to show completeness of reporting, although the project is already showing additional value for risk management and operational resilience. Before implementing Velocimetrics for real-time data lineage across the business stack, the bank used large teams of people to work on correlation and corrections.
A-Team Insight Briefs
Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the trading technology stack to the cloud is a different and more difficult proposition....
Responses to the European Securities and Markets Authority’s (ESMA’s) July consultation paper on the establishment of a consolidated tape (CT) for equity instruments are starting to surface, and the views they express diverge greatly. While some industry participants are very much in favour of a CT, others are strongly against the idea. The road to...
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...