TMX Group & Overbond Form Partnership TMX Group, an operator of exchanges and global markets such as the Toronto Stock Exchange, reports that it’s integrating CDS FIPS settlement-layer Canadian bond data with fixed income AI analytics and trade automation solutions from vendor Overbond. The integration should make bond liquidity scoring and best executable pricing more… Read More >>
Prime Trading Taps Iress to Cut Data Latency
Proprietary trading firm Prime Trading has implemented solutions from Iress — formerly QuantHouse — to access key data feeds and transaction support services via application programming interface (API) links that boost data quality, cut data latency, and bring down costs, officials say. “Previously, during peak moments of high market volatility, Prime Trading experienced data latency… Read More >>
Crypto’s Winter Eases Some Related Crime Levels: Report
Cryptocurrency markets have been having a tough time. Bitcoin, the best known coin in the crypto piggy bank, traded at an all-time high of over $65,000 per coin November 2021, according to data compiled by Statista. But that was then. Earlier this month, Celsius Network, a crypto “bank,” filed for bankruptcy after its customers lost an… Read More >>
Davy Capital Markets Taps Torstone & Other News
Davy Capital Markets to Revamp Post-Trade Ops Dublin-based wealth manager Davy Capital Markets reports that it has become a Torstone Technology customer and will use the Torstone Platform to evolve its post-trade processing operations. “We have built and maintained our own post-trade platform for many years, and this has served us very well, as it… Read More >>
FCA Fines Citi Brokerage $15M for Surveillance Woes
A U.K. regulator, the Financial Conduct Authority (FCA), has imposed a fine of $14.8 million (£12,553,800) upon Citigroup’s international broker-dealer subsidiary for breaches of the Market Abuse Regulation (MAR), a law that requires firms to monitor orders and trades to detect potential market manipulation. The FCA charged the London-based Citigroup Global Markets Ltd. (CGML) with… Read More >>
Form PF Gets an Overhaul via the SEC & CFTC
Form PF is experiencing growing pains after its first decade. Those firms that are required to use Form PF to report confidential information on private funds will be providing many more details if key amendments are ultimately adopted by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) The new… Read More >>
Buy-Side Demand for Analytics Is Surging: Q&A
(FTF News recently reached out to Abhik Pal, a senior director and global head of research practice at CRISIL Global Research and Risk Solutions, about the buy side’s needs for data analytics. Pal is one of the co-authors of a new report, “Unlocking Value in Data and Analytics,” that urges sell-side firms to adopt a… Read More >>
JPMS, UBS & TradeStation Resolve Identity Theft Program Woes
JPMorgan Securities (JPMS), UBS Financial Services, and TradeStation Securities have settled charges made by the Securities and Exchange Commission (SEC) that they failed to keep pace with the ever-changing and growing threat of identity theft. The SEC is alleging that the trio had deficient efforts to prevent customer identity theft and thus violated the “Identity… Read More >>
What Does a Post-UMR World Look Like?
(FTF News recently spoke with Chris Walsh, the CEO of Acadia, about the world of derivatives trading after the Uncleared Margin Rules (UMR) reforms take hold — the UMR Phase 6 deadline is September 1, 2022. An industry veteran, Walsh held key roles at NYSE Technologies, NYFIX, and Thomson Financial before Acadia, which was once… Read More >>
Titanium CEO Pleads Guilty to $21M Crypto Fraud
Is $21 million scammed from would-be cryptocurrency investors worth up to two decades behind bars? The 54-year-old chief executive officer of Titanium Blockchain Infrastructure Services Inc. (TBIS) might have the next 20 years to ponder his answer to that fraught question. He’ll probably learn much more about his fate on November 18 of this year,… Read More >>
