TradingTech Insight Regulatory Reporting & Compliance The latest content from across the platform
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…
Best Execution: Putting your Worst Foot Forward?
By Justin Lyon, Founder and CEO of Simudyne. Increased regulatory pressure has raised the bar for both sell-side brokers and investment managers. In Europe, MiFID II increased responsibility on sell-side firms, with the directive ratcheting up the prevention, detection and containment of algorithms that might behave in an unintended manner and contribute to disorderly trading…
SS&C Adds S3 Transaction Cost Analysis and SEC Rule 606 Regulatory Reporting Services
SS&C Technologies is adding S3’s total cost analysis (TCA) and SEC Rule 606 reporting products to its solutions line up. The addition of S3 services – S3 is a provider of trade surveillance, analytics and regulatory reporting technology – will help SS&C clients ensure best execution of trading transactions through trade surveillance, analytics and full…
Recorded Webinar: Moving the trading technology stack to the cloud
Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the trading technology stack to the cloud is a different and more difficult proposition….
London Stock Exchange Rejects $37 Billion Acquisition Bid from Hong Kong Exchange
The London Stock Exchange Group (LSEG) has rejected the $37 billion conditional acquisition proposal made by Hong King Exchanges and Clearing (HKEX) to acquire the entire share capital of the London exchange last week saying it has ‘fundamental concerns about the key aspects of the conditional proposal’. These include the strategy, deliverability, form of consideration…
Responses Split on ESMA Consultation Paper on a Consolidated Tape and Market Data
Responses to the European Securities and Markets Authority’s (ESMA’s) July consultation paper on the establishment of a consolidated tape (CT) for equity instruments are starting to surface, and the views they express diverge greatly. While some industry participants are very much in favour of a CT, others are strongly against the idea. The road to…
Hong Kong Exchange $37 Billion Bid for London Stock Exchange Scuppers Latter’s Merger Plan with Refinitiv
The Hong Kong Exchange’s $37 bid for the London Stock Exchange (LSE) came out of the blue this morning, but has since rattled cages and raised questions about the LSE’s proposed $27 billion merger with Refinitiv, whether a deal of this sort would be acceptable to regulators, and how LSE shareholders will react to the…
Credit Suisse Securities Migrates from Outsourced Post-trade Solution to Torstone’s Inferno
Credit Suisse Securities (Canada) has selected Torstone Technology’s Inferno post-trade processing platform to replace its existing third-party outsourced solution and service. The project to migrate to Inferno is underway and focused on the firm’s institutional equities business. A key driver for the change was to move away from an outsourced operation and increase efficiency across…
genesis Adds Post-Trade Products, Plans Platform-as-a-Service Solution
genesis has brought its microservices framework, business component library and development acceleration tools to post-trade operations with a view to helping both sell-side and buy-side firms automate workflows and improve operational efficiency. The post-trade portfolio adds to other trading products built by genesis with anchor clients and then made available to the market, and will…
DTCC and Accenture Deliver Governance Operating Model for Distributed Ledger Technology
DTCC and Accenture have introduced a distributed ledger technology (DLT) governance operating model to manage the risks and consequences of the technology, ensure the safety and soundness of the network for the benefit of all participants, and better enable DLT to reach its full potential. The model is also a critical component of DTCC’s Trade…