Securities and Exchange Commission (SEC)
US Regulators' Technology Burden
The passage of the Dodd–Frank Act in the US, while necessary, has not just stressed many Wall Street firms’ IT budgets—it has also required a substantial investment on the parts of the US regulators. Anthony Malakian charts the progress that has been…
NYSE-ICE Deal Approved by SEC
The US Securities and Exchange Commission (SEC) has given its blessing to the proposed acquisition of NYSE Euronext by the IntercontinentalExchange group.
Wave of Senior Appointments at the SEC
The US Securities and Exchange Commission (SEC) has recently announced a wave of senior appointments, in response to commissioner departures and staff replacement needs.
As SEC Grows Analytics, Form PF Data Quality Should Sharpen
An update from the US Securities and Exchange Commission (SEC), published in late July, gives a sense of funds' first pass at the reporting requirement, but more importantly, lays out just what authorities will do with that information. And their plans…
Marking Your Own Homework
The Securities Industry and Financial Markets Association (Sifma) sent a request for a review into the structure of the exchange self-regulatory model (SRO) last week, in a move that may force regulators to take an enhanced role in market oversight.
SEC Announces Quant Analysis Unit
The US Securities and Exchange Commission (SEC) has announced a number of new initiatives designed to combat fraud and market abuse, including a unit dedicated to risk and data analysis, within its enforcement arm.
US Trade Bodies Request Cross-Border Swaps Relief
A consortium of US industry representative groups has written to the Commodity Futures Trading Commission (CFTC), requesting a six-month extension to relief from cross-border implementations of swaps trading rules.
ConvergEx Readies Electronic Blue Sheet Compliance
ConvergEx Group has announced that its LiquidPoint options trading software will be fully compliant with Electronic Blue Sheet (EBS) requirements in the US, once they come into force on November 1, 2013.
Post ‘Hash Crash,’ Social Media Traders Experience Trust Issues
The financial markets are abuzz with the potential of social media as an input to trading decisions. But in the wake of the impact of recent Twitter hacks on the markets, should traders be more careful about the weight they assign “social” data sources?
SEC Names Co-Heads of Enforcement
The US Securities and Exchange Commission (SEC) has announced that George Canellos and Andrew Ceresney have been named as the co-directors of its Division of Enforcement.
SIFMA Cries Foul to SEC Over UTP Tape C Fee Hike
SIFMA calls on SEC to reject 25 percent Tape C price increase, claims UTP did not follow mandated procedures before raising fees.
Rising Enthusiasm for New Data Sources
Features in the April issue of Inside Reference Data find a common subtext of identifying new sources and types of data that are catching on
Surveying the Social Data Frontier
New guidance from US regulators on what is permitted for communicating via social media could create a new source for securities reference data for data managers to consider. Michael Shashoua reports on the significance of the SEC and Finra moves, as…
NYSE Retiring LRP Ahead of Limit Measures
The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).
Updated: SAC Capital Settlement, Investigation Widens
SAC Capital’s $616 million compounded penalty handed down by the Securities and Exchange Commission (SEC) is an enormous number, but the outcome is both manageable for SAC and, given previous insider investigations, expected. Just the same, other funds…
Nasdaq Economist: Equities' Electronic Opacity Inhibits Confidence, Growth
At TradeTech East this week, Nasdaq OMX chief economist Frank Hatheway offered a blunt assessment of what's needed to pull the global economy back to into “a virtuous cycle of expansion.” Providing a clearer view into electronic equities trading is one…
