Filing
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
OTC Markets rescues Edgar Online, plans ‘comprehensive’ US disclosure data service
Edgar Online’s new owners discuss their plans for the financial data and filings provider, and how owning the data will be key to expanding the range of services it can offer.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Plaintiffs in Cusips lawsuit argue the codes aren’t copyrightable
Firms file “aggressive” motion to have legal case resolved early, saying Cusip’s operators and owners have no basis to charge for the codes.
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
Regulators turn gaze on ESG rating providers—for better or worse
Governments around the world are looking to clamp down on providers of ESG ratings and data products. Jo wonders what the implications could be for a still nascent market.
Fee filings cloud hopes for cheaper NMS data
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
Farewell, Oats: Finra announces retirement date
Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Finra taps AWS for next-gen regulatory search tools
A long-time AWS client, Finra is using a combination of AWS tools and its own knowledge graph to generate better search results.
Quandl goes live with new dataset for measuring dollar value of patents
The data vendor’s product is its first that aims to sort what it believes to be truly innovative companies from the pack.
Bloomberg Enlists NLG to Write News Summaries
The data provider is using natural language generation to summarize news articles and write automated stories.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
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.
MSCI Uses NLP to Measure Company Innovation
The global market index firm is quantifying innovative investments and mapping them to a company’s performance.
This Week: SEC, SS&C, TRG Screen, Refinitiv, Rimes
A summary of some of the past week’s financial technology news.
Cboe Plans Comeback in Crypto Markets
The US exchange is again planning to offer crypto derivatives, while after previous attempts to gain regulatory approval to list crypto ETFs were thwarted.
CAT’s Tale: How Thesys, the SROs and the SEC Mishandled the Consolidated Audit Trail
WatersTechnology investigates the torturous journey to create a stock-trading database for the US, and where the project goes from here.
Bloomberg Gets Dutch Approval for ARM and APA
Authorization enables Bloomberg to continue servicing its EU27 client base following Brexit.
Challenging US Exchanges Will be Uphill Battle for MEMX, Experts Warn
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
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.