Standard & Poor’s has introduced a new Securities DataManager, which will provide municipal and corporate fixed income descriptive data with continuous intraday updates. The new service complies with the municipal industry’s Real Time Trade Match (RTTM) efforts to mandate the submission of municipal trades within 15 minutes of execution and to indicate the timing of the trade. Specifically, the collaborative industry effort amended MSRB G-14 and MSRB G-34 rules regarding the timing of reporting trades. Frank Ciccotto, senior vice president at Standard & Poor’s says, “By amending the rules, the dealer community has sent a strong signal for the need for timely reporting.” Securities DataManager is available in either fixed field or XML formats.
A-Team Insight Blogs
Standard & Poor’s Launches U.S. Fixed Income Reference Data Service
Date: 15 April 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil...
Large data volumes and manual data validation techniques are making it difficult for firms to achieve levels of data quality required to support seamless transaction processing and regulatory reporting. The problem is exacerbated by MiFID II and other emerging regulations that impose new processes on transaction reporting, including reconciliation of transactions from the trade repository...
Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...