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Blockchain Venture Attracts Firms With Customization
The CME Group and blockchain technology provider AlphaPoint, in collaboration with the UK’s Royal Mint, have launched a digital gold trading product that aims to bring more financial institutions into gold trading and allow its users some open source parts on which they can build customized functions. Royal Mint Gold (RMG), the digital gold trading…
Why You Should Think About TCA Earlier When Trading
Transaction cost analysis (TCA) is mostly viewed as an after-the-fact function, or at best, a task that is performed alongside transactions in real-time. However, some service providers are beginning to think about and develop “pre-trade” TCA as a new element of risk management. Pre-trade TCA also could re-shape data management by accounting for smart order-routers’…
Challenges of MiFID II Reporting Leave Firms Unready for Compliance
Few financial institutions are ready to meet the requirements of transaction reporting under Markets in Financial Instruments Directive II (MiFID II), while many are facing ongoing challenges including understanding the regulatory requirement, sourcing required data and integrating standard data codes. The data management challenges of MiFID II transaction reporting, approaches to compliance, and the benefits…
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…
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…
Recorded Webinar: MiFID II: Data for transaction reporting
Markets in Financial Instruments Directive II (MiFID II) is complemented by Markets in Financial Instruments Regulation (MiFIR), which builds out transaction reporting requirements with a number of new reporting obligations. The data and data management challenges of reporting include an increase in instruments that must be reported and the addition of several new fields to…
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…
Colt Adds More Destinations To PrizmNet
Last month’s hire of Andrew Housden as vice president of capital markets appears to be just the first step in expanding the Colt Capital Markets unit of network and communications provider Colt Technology Services. Colt Capital Markets is leveraging Colt Technology Services’ co-location capability for distributing market data in support of best execution of trades….
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…
Inside The Matrix: How Broadway Technology Links Systems Together
Trading complex financial products on behalf of a large enterprise is an elaborate challenge that requires distributed systems working together. Broadway Technology, a provider of middleware serving electronic trading and automated decision-making needs, offers TOC, a platform addressing that problem. Intelligent Trading Technology spoke with Joshua Walsky, the company’s chief technology officer, about how TOC works, and…