Mifid II
This Week: ASIC/RBA, TSE, Schroders/SteelEye, HKEx, Talos, and more
A look at some of the past week’s financial technology news.
Waters Wrap: Unintended Consequences & AI Regulation (And Mobile Trading Reg & BERT NLP)
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
This Week: Northern Trust, HKEX, Digital Asset, SimCorp, and more
A summary of some of the past week’s financial technology news.
Covid Could Cause US Regulators to Rethink Surveillance
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
EU's AI Regulations Could Lay Blame With CTO
Jo wonders if the EC's approach to regulating AI could adapt existing liability laws—with implications for individuals.
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.
Buy-side Firms Reject EMS Brokerage Charges
Some users favor a licence fee over per-trade charging—and have forced vendors to make the switch.
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.
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.
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.
UnaVista Rolls Out Reporting Analytics for Performance and Market Surveillance
The regulatory business is developing enhanced analytics to improve reporting accuracy and identify signs of market manipulation.
Despite New Approaches, Industry Still Divided Over Data Licensing
Data licensing agreements remain a source of contention for the industry, as suppliers look to differentiate offerings via disruptive pricing structures.
The Business Case for Overhauling the Back Office
There is little doubt regarding the extent to which the financial services industry has been shaped by regulation in the wake of the global financial crisis more than a decade ago. And while those amendments have largely been successful, they have…
People Moves: Capitolis, State Street, BTON Financial and DTCC
A look at some of the key 'people moves' from this week.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
LEI on the Edge: What Needs to Happen for Wider Adoption?
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
Isda Wants Regulators to use its Model to Draft Rules
The trade association is looking to offer its Common Domain Model to rulemakers.
This Week: Fidelity Digital Asset, State Street, HSBC, Instinet, INTL FCStone, Quantopian
A summary of some of the past week’s financial technology news.
Wavelength Podcast Ep. 175: Tradeweb's Billy Hult
Duncan Wood interviews Tradeweb's Billy Hult about the changing trading landscape.
RBC Capital Markets Seeks Analytics Vendors
The investment bank is looking to partner with companies like Pyramid Analytics for better insight.
APIs to Help with Regulatory Differences Over Dark Trading
Technologists urged to adopt a more flexible plug-and-play approach using APIs, as concerns grow about the FCA and Esma's differing attitudes toward dark trading.
Bad Clocks Block FX Best-Ex
To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t.
After Fidessa Exodus, Some Users Brace For Trouble
WatersTechnology spent three months examining Fidessa to see what has transpired inside the vendor since the Ion acquisition. During a period of great change, a lot of questions—and worry—remain.