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US SEC Eases Registration Requirements for CDS Clearing Counterparties

The US Securities and Exchange Commission (SEC) has indicated that it will ease the registration requirements for the contenders in the race to establish a central clearing counterparty for the credit default swap (CDS) market. According to market reports, the regulator is aiming to expedite the creation of clearing counterparties and standardise the criteria to…

SEC’s Cox Calls for Merger of CFTC and SEC

Originally appeared in MiFID Monitor The credit derivatives regulatory turf war that has been ongoing for the last couple of months may soon be over if the proposal by the chairman of the US Securities and Exchange Commission (SEC) for a merger between the SEC and the Commodity Futures Trading Commission (CFTC) is approved. Christopher…

JustSystems and Edgar Online Partner for XBRL Data on Desktop

Japanese XML and information management software vendor JustSystems and Edgar Online have signed a strategic alliance to deliver XBRL to financial institutions’ desktops. Through the new partnership, JustSystems will deliver certain of Edgar Online’s XBRL tagged data to their subscribers through the xfy XBRL viewer platform. Edgar Online provides SEC filings in real-time on the…

Standards: Speaking the Same Language Worldwide By Frank Träxler, international sales manager, WM Datenservice

Due to the increasing complexity of its fields of activity and the relevant regulatory framework, the financial industry is faced with ever greater challenges in managing its systems, processes, data and information. The international environment, subject to diverse regulations (for example, EU Prospectus Directive, EU Savings Tax Directive, EU Transparency Directive, and MiFID), is fraught…

SEC’s Cox Calls for Congress to Regulate CDS Market, Continues Debate with CFTC About Jurisdiction

Originally appeared in MiFID Monitor Securities and Exchange Commission (SEC) chairman Christopher Cox has repeatedly urged the US Congress to pass legislation concerning the oversight of the credit default swap (CDS) market. Cox again made a plea to the US government last week to provide regulation of the sector as a matter of urgency. However,…

Interactive Data Adds GlobalRating Group Ratings to Credit Ratings, Conducts Research on Benchmark Indices

Interactive Data Corporation’s Pricing and Reference Data business has added credit ratings from the GlobalRating Group to its Credit Ratings – Emerging Markets service. The vendor has also released the results of its recent quantitative research comparing international mutual funds with relevant benchmark indices. Anthony Neville, divisional director, Interactive Data (Europe), explains the impact of…

Firms Should Review Data Management in Light of Increasing Volumes, Says JWG-IT

Originally appeared in MiFID Monitor A new white paper published by London-based think tank, JWG-IT, calls on firms to change the way they look at data management in light of ever-increasing equity order volumes and execution venues. It includes findings from recent surveys in London and Frankfurt where 78% of firms rated overcoming the cost…

Hyundai Securities Selects Teradata for Next Gen Data Warehouse

Korean brokerage firm Hyundai Securities has selected Teradata to provide it with a data warehouse, which will include Teradata 12 Database and the Teradata Active Enterprise Data Warehouse 5550. The firm, which has been using Teradata’s data warehousing technology since 1999, is planning to use the new technology to build a real-time enterprise data warehouse….

BAFT and Bankersalmanac.com Collaborate to Extend Due Diligence Repository

Originally appeared in MiFID Monitor Bankersalmanac.com and the Bankers’ Association for Finance and Trade (BAFT) have agreed to collaborate on promoting and extending the coverage of the reference data vendor’s Due Diligence Repository, which was launched in 2004. The repository has been set up by Bankersalmanac.com as an industry utility and BAFT will be engaged…

SEC Provides Details of Upgrade to Edgar Database

Earlier this week, Securities and Exchange Commission (SEC) chairman Christopher Cox announced the upgrade to its reporting and disclosure system, the Edgar database. According to Cox, the new XBRL-based platform will give investors faster and easier access to key financial information about public companies and mutual funds, when it is introduced over the next three…