Regulation
Exchanges, SEC At Odds Over Odd Lots
Industry insiders warn that the regulator’s attempts to modernize equities data by redefining trading lots will fall short of the mark if odd lot orders remain unprotected.
ActiveViam Embraces Python for its In-Memory Database
The vendor is building off its April release of an enrichment tool for Python notebooks.
This Week: Isda, Refinitiv, NICE Actimize, OpenFin, Gresham, Genesis & More
A summary of some of the past week’s financial technology news.
Silent Eight Preps Transaction Monitoring Tool
The firm is testing the tool with a few clients before making it available to a broader audience.
SmartStream Launches Tool for Intraday Liquidity Stress Tests
The module allows clients to perform stress testing on demand, integrated with data from the vendor's cash and liquidity management solution.
Market Participants Worry that CFTC Can’t Safeguard Data
The US derivatives regulator should let the responsibility for the storage of sensitive data fall on regulated firms, committee hears.
The Need for a Designated Crypto Asset Regulator
Senior academic says a new taxonomy—and a new regulator—is needed to determine whether crypto assets should fall under existing financial frameworks.
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.
UK Watchdog Has Competition Concerns Over Ion-Broadway Deal
The trading tech giant has five days to address issues, or face a months-long investigation.
Regulators Defend ESG Data Requirements
Disclosures will protect end investors and increase the amount of data on ESG, supervisory authorities said at a public hearing.
Numerix Develops New Libor Transition Tool
NextGen Strategic Advisors partnered on the Oneview extension, which combines machine learning and NLP to help firms prep for Libor’s discontinuation.
Delta Capita to Add Tax and Reg Reporting to New CLM Platform
The managed services and consulting firm will look to roll out these new components to its CLM platform in August.
Hacking Threats Growing in Work-From-Home Era, Fear CISOs
Covid-enforced remote working creates new threats and vulnerabilities for bad actors to exploit, say cyber experts
CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
CME’s Reg Reporting Rollback: A Sign of What’s to Come
Sources say the exchange group’s scaleback is a result of pricing wars, unsustainable business models, and the realities of commercially supporting a regulatory reporting business.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
Deutsche Börse to Exit Regulatory Reporting Business
Sources say a pricing war and cost pressures are causing service providers to reconsider their regulatory reporting businesses.
Tora Adds Fixed Income to Trading Platform
The new capability will make the provider's offering a multi-asset trading platform.
Finos Sees Opportunity for Open Source in RegTech Space
The nonprofit is reaching out to regulators to determine where open source could ease regulatory burdens on financial institutions, while keeping them competitive with tech companies.
As June Deadline Looms, Broker-Dealers Begin Reporting to the CAT
As CAT reporting activity picks up, error rates have somewhat surprisingly been well below what was expected in the testing and production environments.
Esma Guidelines Call for Full Audits of Cloud Providers
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
Stevens Institute, Capco Lay Out Commercialization Efforts for New Artificial Exchange
The platform will initially target the HFT crowd, as well those looking to better understand market microstructure in equities.
Pandemic Fuels New Wave of Surveillance Tech
Firms are investing in new solutions for monitoring the front office in lockdown conditions, but the latest technologies raise concerns about privacy and intrusion.
Scrutiny and Frictions Follow EMS Vendors into Fixed Income
Aggregators are facing resistance from venues and attracting the attention of regulators.