Europe
Will Eonia Sink or Swim in Hunt for Euribor Replacement?
The European Central Bank has intervened to rescue stalling benchmark reform and find a new risk-free rate for swaps. But the Eonia rate has seen dwindling transaction volumes in recent years, and while the ECB’s new overnight rate is regarded as the top…
All Eyes on Innovation in London Next Week
November 15 sees WatersTechnology hosting the first Innovation Summit, at the Hilton Tower Bridge in London.
SIX Appoints Dijsselhof CEO, Launches Venture Fund
SIX has hired Jos Dijsselhof as CEO and announced a new strategy which includes the launch of a CHF 50 million venture fund.
FCA Likely to Review Consolidated Data in 2018
It is looking increasingly likely that no consolidated tape provider will be authorized by the time Mifid II comes into force Jan. 3; regulators call lack of authorized CTP an “ongoing issue.”
DataStax Drives Asset Control’s Cloud-Based Reference Data Platform
Asset Control has picked Santa Clara, Calif.-based DataStax to power development of new data management services.
ICE Taps ITRS for Real-Time Monitoring
ITRS will provide real-time monitoring across ICE Data Services' Consolidated Feed.
Aquis Exchange Hires Former TR Exec Ip to Head Product Team
In the newly created role, Ip will be responsible for leading internal development and delivery projects at Aquis.
Metamako, Velocimetrics Ally for Mifid II-Compliant Data Monitoring
The solution will provide firms with a complete, timestamped audit trail of their activity.
Cboe Rolls Out Final Software for Mifid II
The exchange has completed its compliance strategy by releasing its final piece of software.
TMX’s Sinclair to Lead TP Icap’s Data Division as Desmond Departs
Frank Desmond is leaving TP Icap after 12 years, and will be replaced by TMX’s Eric Sinclair.
Solvassure Unveils GDPR Compliance Platform
The regtech firm has released a platform designed for compliance with the General Data Protection Regulation and the Accountability Regime.
Large Firms Select Trax for ARM and APA Services
Pan-European buy- and sell-side clients choose Trax's ARM and APA solutions for Mifid II compliance.
Know Your Climbing Costs: Big Firms Report Average $150M Spend on KYC
Costs associated with KYC continue to climb—a Thomson Reuters survey shows large financial institutions are spending $150 million on compliance in 2017.
Exegy Hires Lansdowne for EMEA, Asia Sales
Lansdowne will help the vendor expand in Europe and Asia, where it has identified growth opportunities, officials say.
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.
LCH Makes US Head John Horkan COO Amid Post-Brexit Rumblings
Clearinghouse operator makes US head new COO as it suggests it could move to the US post-Brexit if forced.
Brexit Looms Over Future of European Financial Markets
A lack of clarity about the UK’s departure from the European Union is an ongoing source of concern for the financial services industry, leading to continuing questions around investor protection, transition costs and regulatory obligations.
JPMorgan Deploys Platform from In-Residence Graduate Mosaic Smart Data
Mosaic Smart Data is the first JPMorgan fintech graduate to see its product implemented throughout the financial giant’s operations.
DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
Merrill Lynch Slapped with $45 Million FCA Fine for EMIR Reporting Failures
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.
Blake Grossman Joins Axioma's Board of Directors
Barclays Global Investors’ ex-CEO has been elected as a member of Axioma’s board of directors.
Esma Panel: Arrival of Mifid II will be “Like Christmas”
Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.
ABN Amro Clearing Adds Futures Markets to Fidessa EMS
ABN Amro Clearing has extended its partnership with Fidessa, adding futures markets to its EMS.
European Commission: Post-Crisis Regulation Must Focus on Fintech
Fintech developments and implementation requires greater regulatory supervision, according to the European Commission's vice president.