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Exchanges Are Becoming Data Marketplaces

Exchanges and other trading venues have long derived revenue from sales of their data; in some cases they operate substantial businesses based around sales of their real-time quotes and other market data services. But few are well set up to deal with growing demand for other datasets they may generate from their core activities, such…

Mitigating Compliance Risk by Matching Application Usage to Data Licensing Obligations

As financial institutions consume more market data from more sources than ever before, the task of administering external data services is growing both in complexity and scale. At the same time, data services are increasingly consumed by applications rather than humans, and these applications often consume more data than humans and produce derived data. As…

Controlling Market Data Usage and Costs in WFH Environments

The Covid-19 pandemic has transformed the way financial services firms operate: with staff dispersed across numerous alternative sites or working from home, and many still requiring access to fee-liable market data and other financial information services in order to function. Data managers are struggling to control access to this data – facing the risk of…

Financial Markets Operations Response to COVID-19: Best Practices for Working from Home

The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a…

Adopting AI for Superior Reconciliations

Firms’ reconciliation and exceptions management processes are manually intensive, expensive and prone to error. With rising compliance costs and greater competition narrowing margins in financial services, firms are looking to streamline their reconciliations processes through automation, giving them the opportunity to reduce the number of exceptions they manage and the time it takes to deal…

Quantity vs. Quality: An Evolving Research Paradigm

A revolution is under way in how buy-side firms conceptualize value in the research they consume. However, sell-side houses may be behind the curve in recognizing this. Driving this change in perception among buy-side firms is the EU’s Markets in Financial Instruments Directive II (MiFID II). Under MiFID II, buy-side firms have to pay for…

Systematic Internalisation Under MiFID II: What’s Needed Now

From September 1, 2018, firms within the scope of MiFID II that breach volume thresholds set by ESMA on August 1, 2018 for internal matching of client orders will be required to register as systematic internalisers (SIs) and operate within the SI regime detailed in the regulation. Sounds pretty straightforward, but that is far from…

Post-trade ETD – where all the sticking plaster got used!

The fund management industry’s shift to passive funds and embrace of smart-beta funds over the past decade or so has shaved margins to the extreme. In this environment, operational efficiency becomes an existential issue. Across a broad swathe of asset classes, front-office technologies have kept pace with massive changes in market structure driven by regulation…

Regulatory Compliance: The Use of Twitter in Financial Services

Twitter has emerged as a source of market-moving information. But it’s difficult to get Twitter delivered to your trading desk, for a variety of reasons, ranging from concerns about market abuse, to the proliferation of fake news and the potential risk of reputational damage. By banning Twitter, trading firm management may be seeking to avoid…

Only Reason for Time

According to Albert Einstein “…is so that everything doesn’t happen at once”. Consider yourself in the shoes of a timekeeper of athletic events. The stakes are high, consequently the choice of tools for the job imperative. Endurance or sprint? This question is at the forefront when it comes to providing the appropriate accuracy and granularity…