Are buy-side firms starting to shift more funding toward IT and data for trading and securities operations and away from compensation for front-line traders? The most recent answer appears to be in the affirmative, according to a new report from market research firm Greenwich Associates, which chronicles how “technology spending is crowding out trader pay… Read More >>
GreenKey Moves to Ease Voice Enabling Trading Apps
GreenKey’s API Available via OpenFin Architecture GreenKey Technologies, which makes voice software with integrated speech recognition for financial services firms, is releasing its voice application programming interface (API) through the plugin architecture of OpenFin, the desktop operating system used by 45 of the world’s largest banks, buy-side and trading platforms. “The move brings the voice… Read More >>
Regulatory Shifts, MiFID II & IT Leaps to Rattle Markets in 2018
Regulatory change and the importance of data and analytics impacting trading venues, investors, dealers, and those that support them will continue to be main themes this year, according to a new report by Greenwich Associates, “Top Market Structure Trends to Watch in 2018 — The Year of Digital is Upon Us.” Greenwich Associates provides market… Read More >>
2018 Predictions: Expect More Madness via MiFID II & Disruptors
(Editor’s Note: The major concerns about MiFID II compliance, which officially began January 3, will be ongoing throughout 2018. But these market reforms from the European Union will have to share the spotlight with the emerging trends also dubbed as “disruptors,” and we offer a sampling of opinions about them in this final installment in… Read More >>
2018 Predictions: Global Markets to Expand Despite Jolts
(Editor’s Note: Predicting what the financial markets, regulators and industry participants will do in 2018 is a challenge as there are so many variables that could undercut prognostications. Yet in a bid to offset chaos, FTF News has put together a round-up of opinions and initiatives from researchers, analysts and executives at the TABB Group,… Read More >>
Linedata Partners with UnaVista for ARM Services
In a MiFID II compliance move, Linedata, an investment management solutions and outsourcing services vendor, is partnering with the UnaVista division of the London Stock Exchange Group (LSEG) to enable their mutual clients to use UnaVista as an Approved Reporting Mechanism (ARM) to facilitate transactions to National Competent Authorities (NCAs). The partnership with UnaVista will… Read More >>
MiFID II Dawns Amid Panic & Yawns
MiFID II came in with a whimper on January 3, 2018 instead of a bang thanks to the painstaking groundwork laid by banks and brokers. However, not everyone was as prepared as they should have been. According to a new report by voice recording specialists Red Box Recorders, 73 percent of IT Data Management (ITDM)… Read More >>
Helpful Resources for Your MiFID II Journey
The new era of MiFID II/MiFIR has officially begun and it’s not entirely clear if all the financial services firms across the globe that are impacted by the European regulatory reforms actually are in compliance. It looks as if it’s a mixed bag of some firms that are highly compliant while others are getting there…. Read More >>
FCA Greenlights More OTFs, MTFs in Time for MiFID II
BGC, Integral Get FCA Approvals Just in time for the onset of MiFID II, the U.K.’s Financial Conduct Authority (FCA) has authorized that BGC Brokers LP, GFI Brokers Ltd., GFI Securities Ltd. can each operate an organized trading facility (OTF), and Sunrise Brokers can operate a multilateral trading facility (MTF) via GFI Brokers Ltd. and… Read More >>
UBS Leads Project for MiFID II LEI Compliance
UBS is collaborating with Barclays, Credit Suisse, KBC Asset Management, SIX and Thomson Reuters to meet MiFID II legal entity identifier (LEI) requirements and improve the quality of counterparty reference data using Ethereum smart contracts. The project, which was kick started by UBS in its London-based innovation lab Level39, is currently in a pilot phase,… Read More >>
