SEC
This Week: Red Hat/Temenos, Six/BIS/SNB, Avelacom/LSEG & more
A summary of the latest financial technology news.
Quantum computing: kryptonite for bitcoin and cyber security
Race is on to secure new encryption algorithms for DeFi, before quantum computers become a present danger.
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
Regulators turn gaze on ESG rating providers—for better or worse
Governments around the world are looking to clamp down on providers of ESG ratings and data products. Jo wonders what the implications could be for a still nascent market.
Murky road ahead for consolidated tape plan administrator in the US
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
SFDR pushes fund administrators to rethink ESG offerings
Some fund admins prefer to build ESG products in-house, while others, notably Northern Trust, consider it ‘inefficient’ from a cost and time perspective.
Waters Wrap: The expanding battle over reference data identifiers
Bloomberg, Broadridge, and Finra have all recently made news in the world of standards and identifiers. Anthony looks at some of the questions the reporters at WatersTechnology will be asking going forward.
Farewell, Oats: Finra announces retirement date
Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
SEC attorney defends personal information in the Cat
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
MayStreet hires former SEC CAT advisor as industry ‘rethinks’ market data infrastructure
Manisha Kimmel played a key role in getting the CAT running and worked at rival Refinitiv before joining the US regulator.
This Week: Jyske Capital/SimCorp; Vestrata; NICE Actimize/FACEPOINT; Anna/Gleif; SS&C, ING, and more
A summary of some of the past week's financial technology news.
Bloomberg Enlists NLG to Write News Summaries
The data provider is using natural language generation to summarize news articles and write automated stories.
Waters Wrap: Unintended Consequences & AI Regulation (And Mobile Trading Reg & BERT NLP)
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
Esma Guidelines Call for Full Audits of Cloud Providers
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
This Week: Northern Trust/BackRock, Nasdaq, IHS Markit/OpenGamma, MEMX, and More
A summary of some of the past week’s financial technology news.
UnaVista Rolls Out Reporting Analytics for Performance and Market Surveillance
The regulatory business is developing enhanced analytics to improve reporting accuracy and identify signs of market manipulation.
Four Asset Managers Explain How They Incorporate ESG Data
Execs From UBS AM, Lazard AM, DWS, and East Capital look at incorporating ESG data into their investment practices for more holistic views of risk and opportunity.
People Moves: AWS, DTCC, Refinitiv, CloudMargin and More
A look at some of the key recent 'people moves', including Adam Honore (pictured) who joins Amazon Web Services from CME Group.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
LEI on the Edge: What Needs to Happen for Wider Adoption?
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
Rimes Wards off Sale Speculation with Investment from EQT
A sale was originally reported, but this PE investment will allow the firm to grow its ESG, ETF offering while considering a sale at a later time.
MEMX Builds Out Infrastructure as it Waits on Regulatory Approval
The exchange’s CEO and COO discuss its matching engine, Intel partnership, cloud strategy and plans for the future.
