Regulation
ROC Issues Details of Pre-LOU Common Data Format
The Regulatory Oversight Committee of the global legal entity identifier system has released the first details of a common data format that will be used by pre-local operating units, reducing complexity for users of pre-LEI data
Non-Display Data Loophole
A FISD working group's best-practice recommendations for non-display data usage contain a point that could allow contradictory policies, depending on the timeliness of the data
Tocom Receives ATS Approval from Hong Kong Regulator
Tocom, the Tokyo Commodity Exchange, has received regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong to provide Automated Trading Services (ATS) to its clients.
Scotiabank Chooses Fenergo Onboarding System
The client data software provider's onboarding system uses a rules-driven process to classify Scotiabank clients affected by European Market Infrastructure Regulation, the US Dodd-Frank Act and the Foreign Account Tax Compliance Act
ESMA Calls for Clarifications on Derivatives Definition
The European Securities and Markets Authority (ESMA) has asked the European Commission to provide a clear definition of a derivative or derivative contracts falling under the European Market Infrastructure Regulation (EMIR).
Master and Commander
Getting to grips with Emir.
New European Reporting Regs Overwhelm DTCC Data Repository
A tidal wave of interest rate trade data overwhelmed the trade reporting service run by the Depository Trust & Clearing Corporation (DTCC) after new European reporting rules came into effect on Wednesday, Feb. 12, leaving users unable to check…
Headaches Abound for UTI Generation, EMIR Reporting
On February 12, as part of the European Market Infrastructure Regulation (EMIR), buy-side firms began producing unique trade identifier (UTI) data, as have their sell-side counterparts. A choppy start could leave many smaller hedge funds and corporates…
CFTC Issues No-Action Relief for European MTFs
The US Commodity Futures Trading Commission (CFTC) and the European Commission (EC) have jointly announced that certain European entities will be exempt from US rules regarding derivatives reform for now, although a long-term picture is still uncertain.
UTIs, Pre-LEIs Are Top Concerns as EMIR Reporting Begins
Industry participants are worried about confusion surrounding unique trade identifiers and a shortfall in pre-legal entity identifier registrations, as trade reporting requirements come into force for derivatives trades in the European Union
CFTC Gives Three-Month SEF Relief to Packaged Swaps
The US Commodity Futures Trading Commission (CFTC) has announced that packaged transactions with a leg that includes swaps made available to trade (MAT) on swap execution facilities (SEFs) will not be subject to the execution mandates for three months.
Fix Trading Community Announces TCA Standards
The Financial Information Exchange (Fix) Trading Community has debuted its initial guidelines for best practice in equities transaction-cost analysis (TCA).
Burton-Taylor: Risk, Regulations Drive Data Spend
Annual spend on financial market risk-related data peaked at $2.52 billion in 2013, equating to roughly 10 percent the $25.77 billion spent each year on market data worldwide, and is growing by 5.74 percent year-on-year as a result of increased…
Calypso Upgrades Repository Interface For EMIR Reporting
Software and services provider adds new data fields and functionality to its interface to the DTCC's trade repository so it can be used for both EMIR and Dodd-Frank Act trade reporting
Bloomberg Integrates EMIR Reporting into Terminal Service
The data vendor has integrated EMIR reporting functionality into its terminal service, will generate unique trade identifiers and help users report outstanding trades
Europe Takes First Steps Toward Electronic Derivatives Trading
With provisional agreement on the Mifid II text by European political authorities, electronic execution of derivatives is set to spread over the Atlantic Ocean in the near future. In terms of equivalence, interoperability, and mutual recognition, how…
FIX Eyes ESMA Talks, User Participation in MMT
Trading standards body FIX Trading Community plans to boost sell-side participation in developing the Market Model Typology trade reporting tag standard, and to broaden the coverage of the standard to new areas, after absorbing the effort under its…
MMT Post-Trade Standard Joins FIX Family
By being under the administration of the FIX Trading Community, it is hoped the Market Model Typology will become more widely used and will benefit from further development
SIX Service Monitors Instruments Subject to Fatca Witholding
The data services provider will use its corporate actions processing capabilities to provide a constantly updated view of instruments that are in scope for tax withholding under the US Foreign Account Tax Compliance Act
Short-Term Pain, Long-Term Gain
European legal entity identifier requirements have created a lot of work for data management practitioners. But HSBC’s Hany Choueiri tells Nicholas Hamilton that in the long term, the identifier can help firms manage big data, make a success of data…
FIX ‘Adopts’ MMT Post-Trade Data Standards
Standards body FIX Trading Community-the organization formerly known as FIX Protocol Ltd, which governs the development of the FIX Protocol-has adopted the Market Model Typology post-trade reporting initiative as a FIX standard, adding support for MMT in…
Keep Calm and Route Order Flow
Talk about snatching defeat from the jaws of victory. Our American readers will, of course, only be concerned with one sporting result this weekend: Seattle’s thrashing of Denver in New Jersey last night. For those of us on this side of the Atlantic,…