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UK FSA Provides More Derivatives Transaction Reporting Data Details, Including Cleared Derivatives Reporting Requirements

Last month, the UK Financial Services Authority (FSA) launched its Zen transaction reporting and market surveillance system for the collection of Alternative Instrument Identifier (AII) codes (see more on which here) and has opened a four month window for firms to adopt the codes ahead of the November deadline. Accordingly, this month’s FSA Market Watch…

UK FSA Finally Launches its Zen System Ahead of November’s AII Reporting Deadline, Details Ref Data Requirements

After a series of delays over the last three years (see coverage from last year here), the UK Financial Services Authority (FSA) has finally launched its new enhanced transaction reporting and market surveillance system for the collection of Alternative Instrument Identifier (AII) codes, as required under the upcoming 13 November deadline for the reporting of…

LSE’s Acquisition of the UK FSA’s TRS for £15m Brings UnaVista’s Range of Functions to an Extended Client Base, Says Husler

The announcement this week that the London Stock Exchange (LSE) is in the process of acquiring the UK Financial Services Authority’s (FSA) approved reporting mechanism (ARM) is likely to be the first but not the last acquisition that the exchange operator will be making in the post-trade space this year, if CEO Xavier Rolet’s ambitions…

A Recurring Refrain

Pattern recognition is obviously a handy skill to have when dabbling in the financial markets, but it’s not something often applied to regulatory developments. However, the eagle eyed of you out there may have spotted a theme and a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV,…

Q&A: Craig Betts of Solace Systems on Latency Beyond Algo Trading

Low latency messaging use is expanding beyond traditional algorithmic trading applications to address wider business requirements. Meanwhile, issues such as reliability, manageability and cost are becoming more visible. IntelligentTradingTechnology.com discussed low-latency messaging directions – and messaging directions in general – with Craig Betts, CEO of Solace Systems. Q: You recently announced a deal with the…

Trading Places

The poaching of industry execs by the regulators has been a frequent occurrence over the course of this year and, if recent comments made by the Commodity Futures Trading Commission’s (CFTC) Scott O’Malia are anything to go by, a data management exec is soon to be poached to become the chief data officer (CDO) of…

CESR’s Advice on Transaction Reporting Accepts High Cost of the Introduction of New Entity Identifiers, the BIC Will Have to Do…

As part of its overall technical advice to the European Commission on the subject of MiFID (see our roundup of some of the other reference data aspects here), the Committee of European Securities Regulators (CESR) has indicated that although the introduction of a “meaningful” and unique pan-European legal entity identifier for transaction reporting purposes is…

LSE’s Husler Explains Decision Behind the Move of its Transaction Reporting Service onto UnaVista

The London Stock Exchange (LSE) has offered a transaction reporting service, dubbed the Exchange Reporting Service (ERS), since 2002, but has recently moved the service onto its web-hosted platform UnaVista. According to Mark Husler, head of information services business development at the LSE, the exchange operator decided to move the service onto the platform in…

SEC’s HFT Proposals Could Boost Tech Vendors’ Fortunes

High-frequency trading is high on the agenda of the Securities and Exchange Commission (SEC) and two recently proposed rule changes could lead to a boon for technology providers. However, industry insiders caution that the SEC must be careful not to leak any intellectual property data it may gather from its increased surveillance of high frequency…

UK FSA Indicates BIC Codes are Needed for all Transaction Reporting Firms, Defers AII System Launch Indefinitely

This month, the UK Financial Services Authority (FSA) has indicated that transaction reporting firms under MiFID will need to obtain a bank identifier code (BIC) in order to be in compliance with wider European level regulations. Firms will have to apply to Swift for a BIC before they email the transactions monitoring unit (TMU) with…