Start with the Gateway

Much of the volume of cross-asset trading is still conducted over the phone between buy-side traders and their sell-side counterpart, to discuss execution strategy and add a layer of nuisance to the instructions currently not available on many order management and execution management systems.

"What you will find is that people are placing the orders electronically and get the sales fills back electronically, but they'll augment that electronic communication with a phone call," says Alan Dean

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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