Securities and Exchange Commission (SEC)
The Curious Case of the Trader–Vendor
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
SEC Releases Updated Cybersecurity Guidance
The regulator added new guidance around cybersecurity disclosure controls and insider trading.
Fee Fight: Ye Olde Market Data Battleground
Market data fees charged by exchanges continue to be a bone of contention for banks, electronic trading firms and asset managers. And although recent events playing out in the US are adding fuel to the fee fire, frustration levels are rising in Europe…
Five Things to Consider About Crypto SROs
The idea of self-regulation makes for a good soundbite, but the practicality of the matter leaves much to be desired.
CAT Got Your Tongue?: An Inside Look at the Consolidated Audit Trail's Sluggish Rollout
When the Consolidated Audit Trail failed to go live in November last year, questions came as to why—but answers were not easy to come by.
Cryptocurrencies Come of Age, But Is Crypto Data Ready?
Once used as payment for shady deals, digital currencies have long been the domain of speculators and retail investors. But the wild price increases of the past year have led institutional investors to sniff excitedly at the loins of the cryptocurrency…
Industry Fears Neutered CAT in 2018
The SEC’s Consolidated Audit Trail (CAT) of US equities trade data hit a fresh snag in late 2017, missing a major deadline for reporting, blaming insufficient cyber defenses. As it marches into another crucial year, Tim Bourgaize Murray reports on the…
Tradeworx Sells Trading Arm to Focus on Fintech
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
Data Fee Complainants Buoyed by SEC Appointee
Recent appointments at the US Securities and Exchange Commission have led some firms to believe regulators and policymakers will finally start to address what they believe to be opaque pricing structures for market data at exchanges. Joanne Faulkner…
DTCC Proposes Measures to Further Reduce US Settlement Times
The two proposals could bring settlement down to a day-and-a-half from time of trade, but still need more feedback from the industry.
Law & Disorder: US Preps Defense Against Mifid II
As Mifid II's deadline approaches, US firms affected by the rules are still waiting for regulators to resolve crucial conflicts between European and American laws, and are likely to be making adjustments well after the deadline has passed, reports…
Top Stories of 2017: The Crypto Craze
The pick of Waters' coverage stretching from bitcoin becoming an asset class to exchanges launching futures.
Sifma Adds Voice to CAT Personal Information Row
Lobby group is looking at other types of data that it can suggest to the SEC for use in the CAT.
House Prepares Bill Delaying CAT amid Ongoing Difficulties
Thesys, in a hearing at a Congressional committee, also said it has lined up over 20 candidates for a chief information security officer post.
CFTC Warns on Bitcoin Futures as Exchanges Ready Contracts
Market participants express concern over potential risks these contracts could pose to clearinghouses, as exchanges self-certify contracts for trading.
Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.
Industry Tight-Lipped on CAT Status as Deadline Hits
Participants refuse to say whether reporting will begin as scheduled after a last-ditch delay effort was rejected by the SEC.
House Approves Market Data Protection Act
Market Data Protection Act will increase security requirements for market data held by the SEC and FINRA, lawmakers say.
Chicago Catches Crypto Fever with Barrage of Bitcoin Developments
Digital commodities such as bitcoin have captured the imagination of exchange operators but regulators—and even some market participants—are hesitant.
Fixed-Income Tech, CAT Concerns & Waters November 2017 Features: A Week in Review
John recaps some of Sell-Side Technology's best stories of the week, including fixed-income technologies, uncertainty around the CAT, and Waters' November features.
The CAT Is Out of the Bag
The wide-ranging project will not be delayed, even if aspects of its data collection change.
Vendors Accused of Over-Promising on Liquidity Rule
Two buy-side risk officers believe that the SEC put too much faith in the vendor community when making its liquidity rules, specifically for fixed income.
Sibos 2017: Disrupting the Disruptors
The key themes from this year's industry mega-event.
Industry Adds Voice to Calls for CAT Delay
Confidence in the wide-ranging project has been dented by recent cybersecurity incidents.