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IHS Markit Launches ‘Different’ Solution For Derivatives Tax Compliance
Information, analytics and solutions provider IHS Markit has launched Markit / CTI Tax Solutions for Section 871(m), a service that went live with some users on January 1 as the US Internal Revenue Service (IRS) rule governing withholding on foreign investors for dividend equivalent payments for US equity derivatives took effect. Brown Brothers Harriman (BBH),…
TP ICAP Reorganization Keeps Voice Broking With Parent Company
London-based trade execution and risk management services provider NEX Group has com-pleted the sale of its global hybrid voice broking and information business to its parent company TP ICAP. NEX Group is the newly rebranded ICAP electronic markets and post-trade, risk and information business. ICAP shares began trading as NEX Group shares on December 15….
Fonetic Upgrades Automatic Trade Reconstruction Technology
Fonetic has extended its automatic trade reconstruction (ATR) solution to give compliance and surveillance officers more features and functionality to support the investigation of trades, detection of fraud and the ability to export an ATR timeline as a data file to a regulator. The company suggests the solution is well suited to the trade reconstruction…
Recorded Webinar: High performance market data management technologies
The challenges and opportunities of managing market data using hardware acceleration, a deterministic approach to low latency connectivity and in-memory and other high speed databases. What are industry best practices for access to high-speed market information? How are firms using hardware acceleration? What is a deterministic approach to low latency connectivity and why is it…
Message Automation Building CCP Data Harmonization
Derivatives post-trade data management provider Message Automation’s signing of Societe Generale Corporate & Investment Banking (SG CIB) as a client on November 23 is a first step in making its central counterparty (CCP), exchange and broker data more comprehensive, said Hugh Daly, CEO and founder of Message Automation. “We started with the big clearinghouses that…
Buy-Side Waking Up To MiFID II Impact On Research Fees, Says Fidessa Executive
In recent weeks, the understanding of how to implement the rules for commission payments set in Europe’s MiFID II regulation has changed, according to David Pearson, head of post-trade strategy at trading platform provider Fidessa. “The understanding now is that a broker must be paid for services they provide to clients, whatever those services are,”…
Expert Guidance on How Best to Implement a Market Data Inventory Platform
Market data inventory platforms are becoming essential to financial institutions’ ability to manage market data costs, and for some firms costs such as index licensing, research, and publications and subscriptions – but how best can firms select and implement market data inventory platforms, and what benefits can be gained? These questions and more were answered…
Recorded Webinar: Countdown to MiFID II
MiFID II is dominating trading technologists’ thoughts in 2016. What has been achieved so far and what is still to be done? What elements of the regulation are proving most difficult – perhaps algo testing, classification or surveillance? – and how are regulators responding? Listen to the webinar to find out about: State of play on…
Fine Lines Between FCA and EU on MiFID II
By Dan Barnes UK markets regulator, the Financial Conduct Authority (FCA), has issued its consultation on the implementation of MiFID II, with some significant differences to the rules published by the European Commission, particularly for the buy side. The level of surprise these changes hold for firms will typically depend on their size and investment…
Anyone for MiFID III?
By Steve Grob, Director of Group Strategy, Fidessa I was chatting with the Reg folks here at Fidessa Towers yesterday and the spectre of MiFID III came up. Before you all jump off the window ledge, there is no official notion of this yet, but when will the regulators feel that their work really is…