Electra and Linedata to Create Recs Interface Investment management software vendor Linedata and reconciliation services provider Electra Information Systems have announced that they are creating an interface between two key platforms. The new link will provide Linedata Mfact fund accounting users with support for Electra’s Reconciliation, offering capabilities for reconciling system-to-system, net asset value… Read More >>
Actiance & Hootsuite Sign Social Media Compliance Pact
Vendors to Target Global Compliance for Social Media Actiance, a digital compliance, archiving, and analytics vendor, has signed a global partnership with Hootsuite, a social media management platform provider, to offer a comprehensive compliance solution for financial services firms. The partnership will combine Hootsuite’s platform with Actiance’s Socialite offering for compliance across public social… Read More >>
MiFID II Challenges Hit the Buy Side Hardest
Although the financial services industry is counting down to MiFID II’s January 2018 deadline, the most profound impact will be on the buy-side community. They are not only preparing to conduct their own transaction reporting but they will also have to separate research from execution and become much more accountable for proving best execution across… Read More >>
Nasdaq Wins Post-Trade Deal with Chile’s CSD
Chilean CSD to Receive Services via Nasdaq Financial Framework Nasdaq will be providing post-trade offerings to Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), which it will use to standardize and unify operations, messaging and the data infrastructure, officials say. The new infrastructure capabilities will become available via the Nasdaq Financial Framework. The… Read More >>
ANNA Advances ISIN Effort for OTC Attributes
ANNA Subsidiary Conducts Industry Outreach A subsidiary of the Association of National Numbering Agencies (ANNA) has gathered feedback on developing over-the-counter (OTC) International Securities Identification Number (ISIN) attributes in order to ease MiFID II reference data reporting. ANNA serves as the registration authority for the ISIN under appointment by the International Organization for Standardization (ISO),… Read More >>
Bloomberg Becomes an Official LEI Distributor
LOU Accreditation Comes in Time for MiFID II Bloomberg, which made its fortune in market data, trading systems and news, is stepping into the Legal Entity Identifier (LEI) realm as an accredited Local Operating Unit (LOU) of the Global LEI System (GLEIS), officials say. The company has received “approval to issue and maintain” LEIs, and… Read More >>
RegTek Launches EMIR-Focused Reporting Service
The push to be ready for the next phase of the Markets in Financial Instruments Directive (MiFID II) reforms is not the only European regulatory initiative that global firms have to worry about. On November 1, firms face a deadline to comply with the revised reporting specifications (RTS) required by the European Securities and Markets… Read More >>
Split Emerges Over MiFID II’s Potential Benefits
Industry participants are split as to the type of impact the next phase of the Markets in Financial Instruments Directive, or MiFID II, which takes effect January 2018, will have, according to a poll of the 1,250 senior executives attending an equities trading and technology conference in Paris. Around one-third of the delegates said that… Read More >>
Squawker’s Equity Finance Platform Tackles Manual Processes
London-based vendor Squawker’s Equity Finance platform has completed its launch phase and has been deployed at six of the top 10 global investment banks in large part because the platform provides an alternative for investment banks that usually book trades via manual processes and over-the-counter (OTC) against interdealer brokers, officials say. Three more major banks… Read More >>
U.K.’s FCA Issues ‘Near Final’ MiFID II Rules
The Financial Conduct Authority (FCA) not only issued its “near final” rules on MiFID II, but also encouraged financial service firms to step up their efforts in order to avoid being left out in the cold in the U.K. market. This means applying now for authorization or variations of current permissions they may require. According… Read More >>
