TradingTech Insight Regulatory compliance The latest content from across the platform

Addressing the Data Issues of Best Execution Under MiFID II and Other Global Regulations

By Peter Lawrey, CEO at Chronicle Software. Regulated trading systems need to record the reasons behind every decision they make with minimal impact on performance. Chronicle Software has worked with investment banks and hedge funds to deliver trading services with a record everything model and low microsecond latencies. Today’s more stringent regulatory environment is placing…

ESMA Ratchets Up Pressure on Financial Markets to Develop a Consolidated Tape

The European Securities and Markets Authority (ESMA) is ratcheting up pressure on the EU’s financial services industry to develop a consolidated tape (CT) solution for equity instruments. The regulator sets out its views in a consultation paper that was published in mid-July and also reviews the cost of market data. The paper is the outcome…

Sensiple Partners TNS to Bring MiFID II Compliance Solution to Frankfurt

Capital markets specialist Sensiple is bringing its regtech product SETREGA for MiFID II, SFTR and EMIR compliance and reporting to the FR2 data centre in Frankfurt as part of an agreement with Transaction Network Services (TNS). Sensiple will use TNS’s managed hosting, colocation and connectivity service to give market participants fast, secure and efficient access…

FlexTrade Integrates ACA’s Surveillance Technology with FlexNOW EMS

FlexTrade has partnered ACA Technology Solutions to help mutual clients manage trade surveillance and compliance using ACA’s Decryptex surveillance technology across the company’s FlexNOW cloud-based execution management system (EMS). Shoshana Wainer, head of compliance at Albar Capital and a user of the combined solution, says: “FlexNOW and Decryptex are stand-out products supported by highly-responsive and…

NICE Actimize Launches New Regulation BI Solution

On June 5, 2019 the US Securities and Exchange Commission (SEC) voted to approve the new Regulation Best Interest (BI), imposing rigorous new requirements to ensure firms are transparent and act in their clients’ best interest. Due to come into force on June 30, 2020, the new rule substantially upgrades existing suitability regulations to raise…

Bloomberg Acquires RegTek.Solutions

Bloomberg has acquired RegTek.Solutions, a specialist in global regulatory reporting software solutions. The firm, which provides modular software solutions built around actionable regulatory intelligence, will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems. The acquisition will combine Bloomberg’s data enrichment and reporting capabilities with RegTek.Solutions’…

SmartStream RDU Readies Services for Brexit

The SmartStream Reference Data Utility (RDU) has implemented changes to its MiFID II Reference Data Service and Systematic Internaliser (SI) Registry to accommodate Brexit. For the MiFID II service, SmartStream RDU will make both ESMA and FCA data available, either as an integrated delivery or separately. It will also support ESMA and FCA pre- and…

Vela Extends List of Systematic Internaliser Data Feeds with Addition of IMC Electronic Liquidity Providing SI

Vela has expanded its provision of access to systematic internalisers (SIs) through its SMDS software-based feed handler with the addition of the IMC Electronic Liquidity Providing (ELP) SI. IMC is a technology-driven market maker that develops innovative technology and algos to trade multiple asset classes on more than 100 trading venues worldwide. The ELP SI…

Uncleared Margin Rules Extension: Building a Roadmap for the Buy-side

By Vikas Srivastava, Chief Revenue Officer at Integral. On the surface, news that BCBS and IOSCO have granted an extension to the final phase of the Uncleared Margin Rules (UMR) is likely to be welcomed by asset managers currently trading uncleared derivatives with a notional between $8 billion and $50 billion. The extension pushes the…

Regulators Discuss SM&CR and IT Failure at UK Parliamentary Hearings

The UK’s parliament’s treasury committee recently held a series of hearings on IT failures in the financial sector. Over the course of the hearings, at which representatives of the Bank of England, the Financial Conduct Authority and the Prudential Regulatory Authority spoke, the regulators discussed work completed and work in progress around operational resilience in…