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Technology Catches Up To Regulators’ Monitoring Demands
Conducting a simple real-time statistical analysis of financial market activity does not necessarily require “sophisticated AI or machine learning,” says Guy Warren, CEO of ITRS, an application performance management and big data analytics provider. The purpose of conducting such an analysis is to determine when a circuit breaker kicks in to catch and stop algorithmic…
No Need to Reinvent the Tech Wheel for Key Derivatives Rule, When (Or If) It Comes
By: Steven Strange, Buy-Side Product Manager, Fidessa In late 2015, the U.S. Securities & Exchange Commission proposed a new rule designed to regulate the use of derivatives by registered investment companies. Rule 18f-4, as it is known, would affect the way derivatives and related assets are included into the portfolios of mutual funds, ETFs, and…
Making Market Data Instantaneous: Beast Apps Shakes Up Trader Workflow
With its Monoceros Market Data Platform (MDP), financial data, analytics, trading and risk technology company The Beast Apps expects to change the traditional client sales trader workflow from the way that has operated for decades. Intelligent Trading Technology spoke with Vinayek K. Singh, CEO of The Beast Apps, discussing what is novel about Monoceros (rhymes…
Time-stamping Needs To Be Better Than Regulators Require, Providers Say
Although the requirement for time-stamping set by Europe’s MiFID II regulation and for the US Consolidated Audit Trail (CAT) is within 100 microseconds of the recognised standard UTC time, in practice firms and exchanges will need their reporting to be accurate down to nanoseconds or just a few microseconds, according to time-stamping services providers. “High-frequency…
MiFID II Handbook
As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have…
Firms Struggle To Grasp MiFID II Time-stamping Rules
MiFID II definitions for time-stamping and rules for record keeping to support tracking of trade orders — as defined in Article 25 of the directive’s regulatory technical standards (RTS 25) — even less than a year away from the deadline for compliance with the regulation, appear to be little understood, according to experts who spoke…
Recorded Webinar: Trade/Order Tracking & Time-Stamping for Regulatory Compliance
At the beginning of 2018 in Europe, and before the end of 2017 in the US, new time-stamping requirements will come into force, under European MiFID II regulation and the US SEC’s Consolidated Audit Trail (CAT) project. The RTS 25 provision of MiFID II sets exact millisecond and microsecond levels for time-stamp accuracy depending on…
Enyx Accelerates Trading Transmissions With Radio Waves
For major established trading communication routes that have relied on fiber optic cable, such as New York to Chicago, London to Frankfurt, or local back office transmissions as from New York to secondary sites in New Jersey, Enyx, a field programmable gate array (FPGA) provider, has introduced nxLink Share Version 2. This new version of…
Exegy Adds IEX Data as its First Direct Source
Market data managed services and technology provider Exegy has taken a step to be a direct source of some US National Market System (NMS) data itself, with an announcement of the addition of IEX (The Investors Exchange) data to its X-Port market data vending service. “We are offering a more complete direct feed for the…
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…