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ESMA States its Case on Distributed Ledger Technology
The European Securities and Markets Authority (ESMA) has stepped into industry discussion on the pros and cons of distributed ledger – or blockchain – technology (DLT) and concluded that regulatory action is premature at this stage, but may not be in the longer term. The authority issued a report this week, The Distributed Ledger Technology…
FCA Discusses Progress on MiFID II Policy and Practicalities of Implementation
Details on final requirements and the implementation of Markets in Financial Instruments Directive II (MiFID II) will continue to be published over coming months, leading the UK Financial Conduct Authority (FCA) to conclude that serious efforts must be made towards achieving compliance on the 3 January 2018 deadline, although perfection is not expected. Stephen Hanks,…
As New Regulation Arrives, Europe Can Expect More Trading Venues
Experts on the European execution venue landscape are split on whether the future of that landscape is consolidation or fragmentation, as they expressed in a panel discussion on the topic at the Intelligent Trading Summit in London on 2nd February. Multi-lateral trading facility (MTF) activity has increased, according to Will Winzor-Saile, an execution architecture…
Steve Pulley Details Thomson Reuters Plans for Clarient and Avox
Following Thomson Reuters agreement to acquire Clarient and Avox from DTCC, we caught up with Steve Pulley, managing director of Risk Managed Services at Thomson Reuters, to find out more about the company’s plans for the acquisitions and how they will be integrated with Thomson Reuters risk management, compliance and reference data solutions. Pulley describes…
Convergex Implementation Shows Ancoa’s Global Value
Trading services and solutions provider Convergex has implemented an Amazon Web Services (AWS)-hosted market surveillance platform provided by Ancoa, gaining a “one-stop shop” for surveillance of trading activity in both the US and internationally, according to Ann Neidenbach, chief information officer at Convergex. Convergex’s US team has been using Ancoa’s platform for about six months,…
Erste Group Extends Relationship with Asset Control
Erste Group Bank has extended its use of Asset Control’s AC Plus data management platform to support the regulatory requirements of Packaged Retail Investment and Insurance-based Investment Products (PRIIPs) and Markets in Financial Instruments Directive II (MiFID II). The bank, one of the largest financial institutions in Central and Eastern Europe, initially implemented an Asset…
Outside Partnerships Bolster Trade Execution Infrastructures
Partnership is the most important ingredient for optimising the performance of trading infrastructure and reducing its complexity, say operations executives who spoke at the Intelligent Trading Summit in London on 2nd February. Regulatory compliance issues are gaining on cost and value as the biggest consideration, however, according to the executives. Partnership efforts address the need…
OFR says 500,000 LEIs are Not Enough to Achieve Expected Benefits
The Office of Financial Research (OFR) has called for collective action on global implementation of the Legal Entity Identifier (LEI) and named US regulators as the drag that is slowing down adoption of the identifier. The OFR reviews development of the Global LEI System (GLEIS) in a briefing document titled Collective Action: Toward Solving a…
Big News at Thomson Reuters with Acquisitions of Avox and Clarient
We’ve heard rumblings in the market about a potential sale of Avox and now, ending months of speculation, Thomson Reuters signing not only a definitive agreement to acquire DTCC’s Avox, a supplier of legal entity data, but also an agreement to acquire Clarient, the industry-backed Know Your Customer (KYC) and client reference data platform that…
Advanced Logic Analytics Delivers OneLogic Big Data Analytics Platform
Advanced Logic Analytics (ALA), a start-up in the big data space, has released OneLogic, an analytics platform designed to process and analyse structured and unstructured big data in real time. Use cases for the platform include predictive, behavioural and emotional analytics for better-informed trading decisions, and data management for regulatory compliance. As the company makes…