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SIFMA Carries Federal Agency Bond Prices for Free on investinginbonds.com
The Securities Industry and Financial Markets Association announced that it now carries price data for approximately 25,000 federal agency bonds on its investinginbonds.com website. The new data is available via a feed from the Financial Industry Regulatory Authority (FINRA) following an expansion of its Trade Reporting and Compliance Engine (TRACE) to include debt issued by…
SEC Continues to Push for Global Accounting Standards, Kicks Off Research into IFRS Implementation
In a move that may allow the practices of the world of pricing and valuations to become more harmonised globally, the Securities and Exchange Commission (SEC) has indicated it is keen for a single set of high quality globally accepted accounting standards to be implemented. To achieve this goal, the regulator has finally begun to…
SEC Gets on the Soapbox About XBRL and Corporate Actions, Again
Since its decision to mandate the XBRL tagging of financial reports for US firms, the Securities and Exchange Commission (SEC) has been doing its level best to keep the industry apprised of any possible compliance challenges. To this end, this month, the regulator announced yet another event, in the form of a public seminar on…
Fed’s Tarullo Pushes For Mandatory Reference Data Reporting and Standardisation
This week, US Federal Reserve governor Daniel Tarullo brought the issue of data standardisation to the attention of the US Senate during his testimony before the Subcommittee on Security and International Trade and Finance, following up on his comments last year about the data challenge related to living wills reforms. He is proposing to establish…
DTCC Warehouse Finally Recognised by Fed as Data Repository for OTC Instruments
It may have taken a solid year of campaigning but the Depository Trust & Clearing Corporation (DTCC) has finally been granted approval by the Fed to set up a subsidiary to operate its Trade Information Warehouse as a data repository for OTC credit derivatives. The new subsidiary, which has been dubbed the Warehouse Trust Company,…
Market Data Capacity – 2009 Review, 2010 Outlook
From the safe distance of February 2010, we can look back at 2009, rake over the coals and think carefully about what lies ahead in 2010. Before I start my survey, I must point out that I am indebted to the Financial Information Forum and its membership, especially the exchanges, for providing a vast array…
SEC’s Proposed Revisions to Money Market NAV Reporting Could Pose Significant Data Challenge
This week the US Securities and Exchange Commission (SEC) has added another set of proposals to its regulatory to do list, this time in the form of new reporting requirements for money market funds. The rules, should they be passed, would require these funds to regularly report their net asset value (NAV) to the regulator,…
Interactive Data Confirms is Exploring “Strategic Alternatives”, But Who is Big Enough to Buy it?
Interactive Data has confirmed today that it is exploring “strategic alternatives” for its future, but has declined to provide any more explanation as to what these alternatives may include. The number three data provider in the financial markets is likely seeking a suitable marriage partner, but who is likely (or able) to offer its hand?…
SEC Highlights Importance of Timeliness of Corporate Actions Data with Action Against Bank of America
If firms weren’t apprised of the importance of corporate actions data before, a recent action by the Securities and Exchange Commission (SEC) against Bank of America should convince them. Following a few months of trawling through corporate actions related data, the regulator has announced that it is seeking to charge Bank of America with failing…
Swift’s Church Explains How Reference Data Could Fit into 2015 Strategy
At the end of last year, Swift threw out a few tantalising titbits about its potential future role in the securities reference data space, including the opportunity for Bank Identifier Codes (BICs) in entity identification and its position on the European Central Bank’s proposed utility. However, Swift is in the midst of its 2015 strategy…