Securities and Exchange Commission (SEC)
Start-up Fund Manager Hunts for ‘Joy’ During Pandemic
Infusive Asset Management is blending traditional and alternative datasets to find companies and services that bring “joy” to consumers.
This Week: MEMX, Bloomberg, Finos, BNY Mellon, IHS Markit & More
Highlights from the past week's financial technology news.
SEC, Exchanges Clash Over Revised Consolidated Tape Plans
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
Amid Public Market Volatility, Emerging Technologies Boost Investor Confidence in Private Markets
As the private markets grow, so does investor appetite for them, particularly as public markets hurt. Emerging technologies are helping.
This Week: ICE, Nasdaq/R3, BMLL/OpenFin, DASH
A summary of some of the past week’s financial technology news.
SEC Issues Another CAT Reprieve as Monday’s Milestone Passes Quietly
While the CAT is now live, few—if any—are reporting. Additionally, there are still concerns among large broker-dealers about the CAT Reporter Agreement.
This Week: SEC, SS&C, TRG Screen, Refinitiv, Rimes
A summary of some of the past week’s financial technology news.
Industry Given CAT Relief Due to Coronavirus [UPDATE]
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
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?
CAT Seeks Approval to Mask Personal Data
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.
ICE Looks to Bolster ESG Service as Investors Grapple with Lack of Standards
ICE Data Services says investors can access its reference data subscription later this year to build out their ESG strategies.
SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
People Moves: LSEG, West Highland, SEC, Fitch, Dash & More
A look at some the key "people moves" from last week, including Steve Bonanno (pictured), who joins Dash.
Ahead of Test, CAT Faces Hurdles with Reporter Agreement
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
People Moves: Apteo, Eka, Tier-1, SEC, CGQ, MEMX
A look at some of the key people moves from the last week, including James Uzzalino, who joins Apteo.
Regulation by Enforcement: A Worrying Trend
Jo Wright says two recent cases have left industry participants worried that regulators are ruling by enforcement.
The Jitesh Thakkar Case: A Scary Precedent
Jo says that enforcement cases against financial technology developers will have a chilling effect on the industry.
SEC Taps MayStreet to Replace Thesys as Midas Operator
MayStreet has taken over the role of market data provider to the SEC's Midas data consolidationand market analysis platform.
Lawyer: Don’t Punish the Programmers
Smart contract developers should not be responsible for violations of regulation perpetrated on the blockchain, says Katten special counsel.
People Moves: SS&C, IEX, Quandl, Pico, ACA, Orbital Insight, Thasos
A look at some recent key people moves, including Carlo Di Florio (pictured), who joins ACA.
SEC, FIF Seek End to Rule 606 Compliance Confusion
At an SEC meeting Thursday, September 12, the regulator and association attempted to clarify the correct interpretations of guidance surrounding the new rule.
SEC Looks to Penalize Further CAT Delays
While still not a formal approval of new timelines, industry members should expect CAT deadlines to remain unchanged.
SEC Cites Broker Systems Complexity in Rule 606 Delay
The delay pushes quarterly reporting requirements and reporting of self-routing activity to Jan. 1, 2020.