TradingTech Insight Trade Surveillance The latest content from across the platform

Trade Practice Surveillance: ‘I’ll Know It When I See It’

By: Victor Naroditskiy, Head of Regulatory Solutions Engineering, EMEA, OneMarketData Much of the Dodd-Frank Act, Market Abuse Regulation, MiFID II and trade surveillance regulations can be summarized as “Thou shalt not manipulate” or rather “Thou shalt not try to manipulate.” The Dodd-Frank Act, for example, defines spoofing in the following terms: It shall be unlawful…

Data Processing Strides Pave The Way To More TCA Capability

Squarepoint Capital’s expansion of its use of Kx Systems technology for investment research capitalises on the provider’s strength at normalising data, tying together data sources and increasing the speed of its data processing — in a manner that sets the stage for more effective transaction cost analysis (TCA). Squarepoint uses Kx Systems’ Kdb+ time-series database…

Trading Communications Become A ‘Mammoth’ Challenge

The volume of securities trading communications that requires recording and the amount of time that regulators mandate that information be retained have become a “mammoth” challenge for financial services firms, according to speakers in a webinar hosted by Intelligent Trading Technology on April 25. MiFID II goes far beyond the UK Financial Conduct Authority’s rules…

Industry Doubts Urgency Of US CFTC’s Reg AT

The industry’s sense of urgency concerning Reg AT is dropping, because little action is expected to put its rules in effect in the US following the May 1 ending of the comment period on the regulation. Reg AT, the US Commodity Futures Trading Commission’s Regulation Automated Trading, contains risk and transparency provisions for automated trading….

Recorded Webinar: Voice recording for communications surveillance under MIFID II/MAR

Don’t miss this opportunity to view the recording of this recently held webinar. To date, the industry’s regulatory compliance focus for upcoming European MiFID II and Market Abuse Regulation (MAR) has been on issues including the structure of trading facilities, systematic internalisation, governance, best execution and time-stamping. MiFID II and MAR also contain provisions, however,…

Recorded Webinar: MiFID II: Data for transaction reporting

Don’t miss this opportunity to view the recording of this recently held webinar. Markets in Financial Instruments Directive II (MiFID II) is complemented by Markets in Financial Instruments Regulation (MiFIR), which builds out transaction reporting requirements with a number of new reporting obligations. The data and data management challenges of reporting include an increase in…

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology…

Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?

If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that get it right? These issues and more were debated during a panel session at last week’s A-Team Group Intelligent Trading Summit in London. Intelligent Trading…

Convergex Implementation Shows Ancoa’s Global Value

Trading services and solutions provider Convergex has implemented an Amazon Web Services (AWS)-hosted market surveillance platform provided by Ancoa, gaining a “one-stop shop” for surveillance of trading activity in both the US and internationally, according to Ann Neidenbach, chief information officer at Convergex. Convergex’s US team has been using Ancoa’s platform for about six months,…

CAT Builder Choice Marks End Of Years-Long Process

Spurred by the US Securities and Exchange Commission (SEC) approval of a national market system (NMS) plan in November, which includes creation of a consolidated audit trail (CAT), US securities exchanges chose Thesys Technologies, a New York-based trading technology provider with a focus on trading surveillance and big data functions already aimed at CAT functions….