Securities Industry and Financial Markets Association (Sifma)
This Week: MEMX, Sifma, Bloomberg, State Street, Digiterre, Infosys
A summary of some of 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.
Combating Covid: Fintech, Data Industry Bodies Deploy Anti-Coronavirus Measures
WatersTechnology summarizes how fintech and data trade bodies are responding to the Coronavirus pandemic on behalf of their members.
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.
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.
Sifma Adds New Members to Federal Advocacy Team
Jennifer Bang and Amena Ross will be responsible for federal government relations.
Human-Machine Fusion Seen as Key to Cyber Defense
Software and flesh-and-blood humans are both important when it comes to protecting an institution, panelists say.
CAT Rollout Moves Forward Following Processor Change
Finra and the SEC are working on identifiers that mask personally identifiable information.
Sifma Rolls Out Bulk Transfer Plan
The plan will lay out a common process to move accounts if a broker-dealer falls into difficulties.
Top Stories 2018: The Crypto Round Up
The crypto space dominated headlines over the past 12 months and WatersTechnology looks at some of the top stories.
Blockchain Execs Relaxed on Possible Threat from Quantum Computing
Blockchain proponents say the technology will evolve and may beat back the decryption threat posed by quantum computing.
Mapping Data a Worthwhile Project While the CAT Lies in Wait
Broker-dealers should look into gathering data that may be reported into the CAT even before the system goes live for its own internal purposes, experts say.
CFTC's Budget Cut Constrains Crypto Oversight, Market Resiliency Activities
A higher budget, on the other hand, could bring in extra staff to monitor clearinghouses and fraud manipulation in crypto markets, says CFTC commissioner Quintenz.
Trade Bodies Release Framework for Penetration Testing
Guidelines seek to establish best practices for a key cybersecurity measure.
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…
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.
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.
Waters Wavelength Podcast Episode 93: Recaps of Sibos Toronto, Risk USA & Sifma DC
This week Anthony and James discuss some of the major stories to come out of three major conferences.
Regulators' Acceptance of Fintech Should Encourage Adoption
Regulatory agencies are starting to take the lead in working with financial technology firms, panelists said.
Industry Adds Voice to Calls for CAT Delay
Confidence in the wide-ranging project has been dented by recent cybersecurity incidents.
Regulators Warn on Lack of "Basic" Cybersecurity Protections
Panelists at the Sifma Annual Meeting felt attacks could be prevented if cybersecurity was treated as an integrated business process.
US Market Mulls Next-Day Settlement Options
Elements of the market consider capitalizing on the momentum gained after its recent T+2 move.
Firms Eye Machine Learning for Liquidity Risk Models
Many US mutual funds are expected to rely on vendor tools to comply with the SEC’s rule that they establish a formal liquidity risk management program that includes classifying the liquidity of their investments. These tools have the potential to improve…