Surveillance
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.
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
In ‘unusual’ move, Virtu fights $25m SEC fine for data safeguarding breach
Virtu disputes the regulator’s claim that employees had ‘unfettered’ access to consumer data.
Clients versus compliance: banks hung up over WhatsApp fines
Most opt for outright ban, but some seek technological solutions to monitor private messaging.
The push for compliance tech to be flexible, not ‘a burden’
Firms need to actively drive trade surveillance compliance above and beyond regulatory requirements, says Joe Schifano.
Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
FCA may offer its market data to surveillance tech start-ups
The regulator is concerned that rapid AI adoption will favor incumbent vendors; it aims to launch a sandbox.
Waters Wrap: Regtech hype evolves—for better and worse
As fines levied by the FCA and SEC rise, so too has spending on 'regtech.' But Anthony warns that for the regtech space to evolve further in the future, it must first initiate changes to its ecosystem.
Pay now or pay later: Regtechs make play to spare banks steep fines
After a record year of fines issued by the SEC, financial services firms are rushing to implement regtech solutions that can help mitigate their financial exposures.
Are there limits to machine learning in trade surveillance?
Nick Wallis says that blending rules-based, machine learning and automation techniques can help overcome trade surveillance challenges.
Waters Wavelength Podcast: SteelEye’s Matt Smith on eComms surveillance
SteelEye CEO Matt Smith talks on the podcast about the regulatory landscape for electronic and voice communications compliance.
Here’s what ML and NLP powered in capital markets in 2022
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
People Moves: EDM Council, Jacobi Asset Management, Versana, SIIA, and more
A look at some of the key "people moves" from this week, including Linda Avery (pictured), who joins the EDM Council's board of directors.
Bloomberg integrates with Insightful Technology to cover ‘explosion’ of communication channels
Insightful monitors in the range of 120 different communication channels and 40 different datasets, which will be integrated into Bloomberg Vault, among other BBG compliance systems.
Financial crime vendors respond to Ukraine demand
Anti-money laundering laws and sanctions have brought complexity to banks' KYC/AML processes. Some vendors are responding by investing in their systems.
People Moves: Deutsche Börse, Talos, Gresham, Tradefeedr, and more
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
This Week: Ice, SS&C/Morningstar, Deutsche Börse/DataBP, RBC & More
A summary of the latest financial technology news.
Surveillance firms experiment with computer vision for video conferencing oversight
As more firms rely on platforms like Zoom and Teams for client and workforce communications, surveillance technology providers are exploring new ways to make sure traders are compliant while working remotely.