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New Gold Dream: A Consolidated Tape for European Bond Prices
Everybody wants it, somebody should build it, anybody could build it, yet nobody wants to pay for it. The story of Europe’s consolidated price tape for equities, first mooted under the original 2007 Markets in Financial Instruments Directive (MiFID) is a logical conundrum, in part because regulators are predetermining market structure where no commercial imperative…
Intelligent Trading Summit Discusses Aspects of Optimal Performance
Regulation, optimal execution, intelligent trading solutions, high performance technologies and emerging capabilities including machine learning, sentiment analysis and predictive analytics were at the top of the agenda at A-Team Group’s Intelligent Trading Summit in New York City. Setting the scene for the summit, keynotes from Kevin O’Hara, senior advisor to the National Stock Exchange, and…
BCBS 239, Solvency II and Beyond: Current status and the next game changers – London Seminar June 2nd
BCBS 239 and Solvency II have driven the Data Governance Agenda for banks and investment firms. Both were enacted on 1st January and many firms are being assessed right now. At the EDMworks Data Practitioner Network on 2nd June we review the current state of the assessment process based on feedback from leading banks. Dennis…
BCBS 239 and Beyond: Avoid the Traps and Navigate the Changing Landscape
The incoming Head of the Financial Conduct Authority (FCA), reiterated the significance of The Senior Management Regime (SMR), which became law on 7th March. This gives executive management legal responsibility for their decisions. BCBS 239 regulates assembly of data used for these decisions. Individual managers are accountable for decisions they take and for ensuring data…
The Next Game Changers for Data Governance
By Dennis Slattery, CEO at EDMworks Three seemingly unconnected pieces of legislation will fundamentally change the data management landscape over the next three years. They all have different causes, but their combined effect will be to enforce accountability for data, reinforce governance, underpin data architecture and mandate data quality management: The General Data Protection Regulation…
Alacra Eases Access to Companies House Client Due Diligence Documents
Alacra has improved access to due diligence documents for UK domiciled firms by integrating the beta version of Companies House application programming interface (API) with the Alacra Compliance Enterprise (ACE) platform that provides Know Your Customer and client onboarding services. The company, recently acquired by compliance platform provider Opus, is also working with Companies House…
Corvil Extends Data Capture Platform to Deliver Non-Intrusive MiFID II Solution
Corvil has extended its network data capture and analytics platform to deliver a Markets in Financial Instruments Directive II (MiFID II) compliance solution that is applied as an overlay to existing infrastructure and integrates a lightweight agent that collects time-stamped events from software applications. The solution uses an independent system to gather precision data needed…
SIX Financial Information Develops Utility for Compliance with Investor Protection Rules
SIX Financial Information is developing a document management utility designed to help financial institutions comply with investor protection rules issued by the European Securities and Markets Authority (ESMA) and due to take effect on January 1st 2017. The rules are also an element of Markets in Financial Instruments Directive II (MiFID II), a European regulation…
The Role of Real-Time Surveillance in a World of Slow Enforcement
BATS Trading is fed up of being spoofed. On 18 February 2016, the alternative US exchange operator founded in 2005 by high-frequency trading guru Dave Cummings, asked US market regulator the Securities and Exchange Commission (SEC) to shorten the time it takes to suspend trading accounts of firms engaged in ‘spoofing’ and ‘layering’ (for BATS…
Sell-Side Tech – With Principles
Banks are building client awareness into their systems to achieve long-term goals and avoid disintermediation Intensified regulatory activity has heightened oversight of trading technology, particularly within the sell-side community. This development has had significant impact on the skills and structures needed in technology teams. “Technology can give firms a competitive advantage but can do so…