Reporting
One versus many: Firms question viability of UK CT model
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
This Week: Nasdaq/Equinix, Northern Trust, Goldman/Bloomberg and more
A summary of some of the past week’s financial technology news.
Digital rights group debuts ODRL, plans common tech framework
The community group is building a referencing architecture to test the theory that all participants in the data supply chain behave as originators, providers and users.
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
SimCorp makes push into managed services
The Danish vendor is in the early stages of moving into accounting services. In later phases, it plans to expand services across the back and front office.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
UnaVista SFTR closure casts doubt on viability of reg reporting
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
Esma: Firms struggled with trade data porting after CME wind-down
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
Esma: Both OTC identifiers will not be required in Emir reporting
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
State Street focuses on 6 data vendors for ESG analysis
State Street’s Chris Berry explains how the asset servicer winnowed 60 ESG data providers down to six, and why this strategy has proved to be effective.
IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.
Solidatus Builds New ESG Model
The software company aims to help banks' and financial institutions achieve higher ESG ratings.
This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More
A look at some of the past week’s financial technology news.
MackeyRMS Launches ESG Scorecard
Ratings toolkit includes features to help investment teams grade securities and funds to meet sustainability mandates.
Citco Launches Data Services Platform
The fund administrator’s clients can now access multiple datasets from one data lake.
Digital Rights Project for Data Usage Faces Legal, Operational Hurdles
Keen to trim the resources they expend on interpreting licenses, investment firms are exploring how they can turn data agreements into machine-readable code. Doing so is fraught with challenges.
Confluence Completes StatPro Integration, With Cloud Push on Horizon
The combined entity is pushing toward becoming a fully cloud-native, cloud-enabled platform.
Barclays Blueprint for Post-trade Plumbing Puts Onus on FMIs
The institution is banking on financial market firms to drive adoption of the Isda CDM by offering it with new products and services.
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.
Lazard Asset Management Revamps Data Model to Reflect Covid-19 Reality
The firm developed a short-term data strategy to avoid the use of unreliable data and better understand the effects of the pandemic on the market as it evolves.