Report
One versus many: Firms question viability of UK CT model
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
Digital rights group debuts ODRL, plans common tech framework
The community group is building a referencing architecture to test the theory that all participants in the data supply chain behave as originators, providers and users.
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
Sell side pushing for bilateral connectivity for fixed income
Fixed-income liquidity providers, battling tighter margins, want to execute directly with clients, but are buy-side and tech firms willing to absorb the connectivity costs?
UnaVista SFTR closure casts doubt on viability of reg reporting
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
Esma: Firms struggled with trade data porting after CME wind-down
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.
MackeyRMS Launches ESG Scorecard
Ratings toolkit includes features to help investment teams grade securities and funds to meet sustainability mandates.
Banking Experts: Tech Isn't the Whole Solution to Financial Crime
The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
Manulife Refines ESG Methodology and Plugs Data Gaps with NLP
The asset manager has adopted materiality tools, industry handbooks, and NLP techniques to help navigate ESG data limitations.
This Week: MEMX, IUAM/SS&C, Northern Trust, EBS and BME
A summary of some of the past week’s financial technology news.
Asset Managers Strive to Differentiate ESG Strategies
PanAgora and Manulife have incorporated alternative datasets and internal industry handbooks, respectively, into their ESG strategies.
Corporate Actions Processing—The Iterative Revolution Already Underway
This survey report illustrates how data quality and technology are the keys to delivering improved corporate actions accuracy and transparency, while also significantly reducing latency
SocGen Builds Serverless-Code Environment, Explores Virtualized Computing
The Paris-based bank has developed a coding environment to help democratize tech development, and is exploring virtualization.
Digital Rights Project for Data Usage Faces Legal, Operational Hurdles
Keen to trim the resources they expend on interpreting licenses, investment firms are exploring how they can turn data agreements into machine-readable code. Doing so is fraught with challenges.
How Schroders is Bypassing the Noise in News Sentiment to Identify Credit Risk
The UK asset manager is using Owlin's media analytics platform to identify negative news sentiment linked to credit risk.
Moving forward with Libor transition and Ibor reform
This report provides a guide to figuring out what is at stake with Libor and other interbank offered rates. It addresses the challenges and risks, the development of alternative data or reference rates, and begins the process of replacing Libor well…
Barclays Blueprint for Post-trade Plumbing Puts Onus on FMIs
The institution is banking on financial market firms to drive adoption of the Isda CDM by offering it with new products and services.
SteelEye to Hire CME Reg Reporting Talent
While many firms have enforced hiring freezes during the pandemic, the regulatory reporting vendor has plans to aggressively grow its staff count.
Lazard Asset Management Revamps Data Model to Reflect Covid-19 Reality
The firm developed a short-term data strategy to avoid the use of unreliable data and better understand the effects of the pandemic on the market as it evolves.