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big xyt Addresses Gap in Market After Closure of Fidessa Fragulator with XYT View

Reflecting the ever increasing problem of fragmented market data, big xyt, a provider of market data analytics, has released XYT View, an aggregated view of data that firms can use to ensure they are achieving the best possible outcomes for themselves and their clients. XYT View is a web-based tool that allows the trading community…

FSB publishes UPI governance arrangements

The Financial Stability Board (FSB) has published a report on governance arrangements for the Unique Product Identifier (UPI). The UPI will uniquely identify the product involved in OTC derivatives transactions reported to trade repositories. This will help authorities aggregate data on OTC derivatives transactions by product, allowing the effective use of OTC derivatives trade reporting…

SOTERIA and RIMES Join Forces on Trade and Communications Surveillance

A new partnership is set to combine two of the most fragmented and challenging areas of market surveillance, as SOTERIA (formerly known as Insightful Technology) joins forces with managed data services and RegTech provider, RIMES Technologies, to create a new solution that assists firms to detect market abuse and insider dealing through the unison of…

HKEX Pulls Out of Bid for LSE

Hong Kong Exchanges & Clearing (HKEX) has dropped its $37 billion bid for the London Stock Exchange Group (LSEG) because it has been unable to engage with LSEG management to realise the deal. While the frustration of HKEX is palpable in its withdrawal statement, there will no doubt be sighs of relief at LSEG as…

Fenics Market Data Releases US Treasuries Data Services

Fenics Market Data (Fenics MD), a division of global brokerage BGC, is building out its portfolio with the addition of a US dollar data service, FENICSMD 20/20, a premium service that combines the precision pricing of Fenics USTreasuries (Fenics UST), an electronic US Government securities trading venue owned by BGC, with real-time interest rate swaps…

SS&C Expands Risk Analytics with Agreement to Buy Algorithmics’ Assets from IBM

SS&C Technologies has reached a definitive agreement to acquire certain Algorithmics’ and related assets from IBM. The addition of Algorithmics, a provider of risk analytics products and capital management solutions, will extend SS&C’s risk analytics and regulatory offering by adding over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker…

Royal London Asset Management Selects TradingScreen OEMS to Drive Returns for Investors

UK investment management firm Royal London Asset Management (RLAM) has selected TradingScreen’s cloud-based multi-asset order and execution management system to drive better returns for investors. The deal is designed to allow RLAM to trade across multi-asset classes within its £130 billion portfolio via one centralised platform, offering greater operational efficiencies and more time to focus…

Broadridge Releases Cloud-based Data Control Solution Set

Broadridge Financial Solutions has released a cloud-based data control solution set designed to help financial firms address the operational challenges of managing the lifecycle of transaction data. The solution set combines Broadridge’s reconciliation and matching solution with enhanced data analytics, multi-bank connectivity and flexible financial messaging. The aim of the solutions is to provide an…

Adopting AI for Superior Reconciliations

Firms’ reconciliation and exceptions management processes are manually intensive, expensive and prone to error. With rising compliance costs and greater competition narrowing margins in financial services, firms are looking to streamline their reconciliations processes through automation, giving them the opportunity to reduce the number of exceptions they manage and the time it takes to deal…

Best Execution: Putting your Worst Foot Forward?

By Justin Lyon, Founder and CEO of Simudyne. Increased regulatory pressure has raised the bar for both sell-side brokers and investment managers. In Europe, MiFID II increased responsibility on sell-side firms, with the directive ratcheting up the prevention, detection and containment of algorithms that might behave in an unintended manner and contribute to disorderly trading…