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CFTC Issues COVID-19 Relief

The US Commodity Futures Trading Commission (CFTC) has relaxed rules around voice and telephone recording for swap execution facilities up until the end of June, along with relief to designated contract markets regarding audit trail and related requirements over the same period. The spread of coronavirus has caused compliance with certain CFTC requirements to be…

RJ O’Brien Deploys Eventus in the Cloud for Risk Monitoring and Trade Surveillance

Derivatives trader RJ O’Brien & Associates’ (ROJ) selection of Eventus Systems’ Validus as the global platform for its trade surveillance and risk monitoring requirements is aimed at meeting the firm’s regulatory obligations across a range of jurisdictions, including MAD/MAR, MiFID II RTS 6, the CFTC’s Tag 50 and regulations emanating from the Asia/Pacific region. According…

TriOptima Connects triResolve Margin Service with SWIFT Payments to Automate UMR Processes

OTC derivatives post-trade services specialist TriOptima is extending its triResolve Margin collateral management service to support automated Swift payment capabilities. The addition of Swift connectivity means that TriOptima clients who are now in-scope for phases 5 and 6 of the BCBS/IOSCO Uncleared Margin Rules will be able to instruct Swift payments directly via the platform,…

Kepler Cheuvreux Taps Big xyt to Add Value via TCA

Execution-only broker Kepler Cheuvreux’s decision to implement Big xyt’s execution analytics and transaction cost analysis solution is part of a growing tendency for trading firms to view TCA as an opportunity to improve the business rather than as just a compliance box to tick. Big xyt’s independent execution analysis solution supports TCA functions like benchmarking…

The Cloud Has Important Trading Use Cases, Say Speakers at TradingTech Summit 2020

The rapidly evolving role of the cloud within trading operations at financial services organizations was one of the key themes of TradingTech Summit 2020, an A-Team Group event, held in London in late February. Over the course of the day, speakers addressed a wide range of aspects of cloud usage within the overall technology infrastructure…

Trading Tech Summit 2020: Optimism for Technology Amid the Continued Regulatory Change

Trading technology professionals can look forward to a year of demanding – and exciting – change, according to speakers and panellists at this week’s A-Team Trading Tech Summit in London. UK- and EU-based firms can expect more regulatory developments – brought about by Brexit, the so-called MiFID II Refit and changes to Market Abuse Regulation…

Cutting Through the Noise: How to Identify True Outsourced Trading

By Andrew Walton, Head of European Business at Tourmaline Partners. More than 18 months into the era of MiFID II, it is now clear how this key piece of European regulation has fundamentally changed the business models of both brokers and investment firms. Buy-side firms in particular are required to have greater systems and controls…

US SEC Seeks Fairer Market Data Access, Deeper Data in SIP Feeds

The US Securities and Exchange Commission (SEC) is calling for reforms that would level the playing field for access to market data. In a bid to narrow the differential between those with access to high-cost data feeds that contain a greater depth of information, and other investors in the marketplace, the SEC proposals would subject…

IOSCO Calls for Parity on Crypto-Asset Trading Platform Scrutiny

Crypto-asset trading platforms (CTPs) such should be subject to the same kinds of standards that other types of trading platforms are, according to a new report from the International Organization of Securities Commissions (IOSCO). The report –  Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms – suggests that regulators look at: access to…

IHS Markit Boosts TCA Service Down Under with Yieldbroker

IHS Markit is enriching the fixed income analytics within its Trade Cost Analysis (TCA) service by adding transaction data from the Yieldbroker electronic trading platform for Australian and New Zealand debt securities and derivatives. The move seeks to bolster IHS Markit’s best execution capabilities for the fixed income marketplace, for which sourcing robust data sets…