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Traiana Releases Automated Post-Trade Service for Equity Swaps Market
Traiana, a provider of infrastructure service for trade lifecycle solutions, has introduced a service that will automate post-trade lifecycle management of the equity swaps market. The Equity Swaps Lifecycle Management service normalises data reported by swap providers and conducts reconciliation and affirmation of daily valuations, payments and legal confirmations to identify any changes to underlying…
Velocimetrics Implements Enterprise-wide Data Lineage PoC at Large European Bank
Velocimetrics has implemented an enterprise-wide data lineage proof-of-concept at a major European bank. Driven by regulation BCBS 239, the bank wanted to achieve automated intra-day reconciliation, correlation and trade netting, but was already challenged to achieve T+1. The primary compliance requirement was to show completeness of reporting, although the project is already showing additional value…
Pico Reaches Agreement to Acquire Corvil, Plans Corvil-as-a-Service
Pico has reached a definitive agreement to acquire Corvil, a deal that will create a powerhouse providing managed trading technology services underpinned by sophisticated real-time performance analytics. The acquisition will combine Pico’s trading technology services with Corvil’s performance monitoring and analytics products to help clients gain greater insight into Pico’s managed electronic trading environments. Existing…
How to Deliver Algo Performance through Enhanced Market Simulation
Sell-side firms struggling to gain ground in a highly competitive and regulated trading environment, where low-latency technology is a commodity and highly performant trading strategies and algorithmic models are the only differentiators, are looking at the potential of agent-based simulation (ABS) techniques that could optimise execution system performance and allow algorithms to attract and retain…
Finastra Partners Xceptor to Automate Reconciliation
Finastra has partnered Xceptor, an intelligent automation software company, to offer new reconciliation functionality to its securities market customers. Xceptor’s out-of-the-box third-party reconciliation functionality allows Finastra’s Fusion Markets customers to automatically reconcile and validate transactions and positions data, including harder-to-handle formats, in a single solution resulting in reduced manual workloads, exceptions and breaks, and improved…
Are Companies Right to Outsource Software Testing?
By Iosif Itkin, CEO and co-founder, Exactpro, and Daria Degtyarenko, Researcher, Exactpro. With regulatory requirements and business pressures putting an ever-tightening squeeze on financial services, firms tend to look for the most efficient ways of ensuring the quality and stability of their platforms, with some turning to quality assurance outsourcing. However, outsourcing might not always…
Recorded Webinar: Privacy vs. Surveillance: Managing conflicting regulations in Germany and other privacy-sensitive jurisdictions
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations…
Trade Surveillance and Mobile Recording in the Era of Data Privacy
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations…
Digital Reasoning Releases AI-Enabled Voice Analytics and Partnership with Corlytics
After four years of research and development, Nashville-based Digital Reasoning has released an AI-enabled voice analytics solution for financial services communications monitoring. It has also announced a partnership with regulatory risk tech company, Corlytics, to deliver one of the highest volumes of pre-trained models for monitoring available to the financial sector, according to the companies….
SEC Rule 606 – Are We Nearly There Yet?
SEC Rule 606 has been given a new lease of life with a renewed version due to be implemented in October 2019 requiring brokers to provide greater transparency around how they route and handle customer orders. While the rule goes back 18 years and hasn’t been enforced to any great extent, the amended version has…