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FactSet Details Ultimate Goal of Servicing the Complete Portfolio Lifecycle
FactSet is delivering on its aim to serve the portfolio lifecycle through acquisition, partnership, integration and a focus on providing clients with a choice of modular solutions. Previewing the year ahead, its plans include continued integration and enhancement of acquisitions Portware, Cymba and Vermilion, support for compliance with regulations including Markets in Financial Instruments Directive…
ICE Atrium Acquisition Streamlines New York-Toronto Low Latency Ties
The Intercontinental Exchange’s (ICE) acquisition of TMX Atrium, the wireless and extranet infrastructure services business owned by Canadian exchange operator TMX Group, could expand the low latency networks available to customers of ICE’s NYSE subsidiary. Following ICE’s acquisition of Interactive Data in December 2015, that company’s 7ticks low latency network was integrated with NYSE’s Secure…
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…
Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?
If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that get it right? These issues and more were debated during a panel session at last week’s A-Team Group Intelligent Trading Summit in London. Intelligent Trading…
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…
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,…
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,…
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…
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…