(Late last month, a global trade association for data management, the EDM Council, announced that it had launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group with the mission of developing an open source CDMC Best Practice Framework that would accelerate cloud adoption and facilitate associated controls. The EDM Council, which has 10,000… Read More >>
FlexTrade & ACA Focus on Trade Surveillance
FlexTrade Partners with ACA Technology FlexTrade reports that it has partnered with ACA Technology Solutions to “help mutual clients manage their trade surveillance and compliance needs,” the companies say. The partnership will make ACA’s Decryptex surveillance technology and FlexTrade’s FlexNOW available to clients, according to the release from the vendors. “The main benefits of… Read More >>
EDI Challenges Termination Clauses of Other Vendors
London-based reference data vendor Exchange Data International (EDI) will be filing a formal complaint with the European Commission to stop an industry practice that requires reference data clients to expunge all their data purchases once they decide to move to another vendor. The bottom-line result of this practice is that many financial services firms are… Read More >>
Time to Centralize Reference Data for Corporate Bonds?
The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO), wants to “expand the collection and dissemination of new-issue reference data for corporate bonds,” and is seeking the approval of the SEC to do so, according to FINRA. As part of the proposal, FINRA wants its Trade Reporting and Compliance Engine (TRACE) “to serve as… Read More >>
Firms Faced ‘Unprecedented Regulatory Change’ in 2017: Q&A
(Editor’s note: SIX won the Service Provider of the Year honor via the FTF News Technology Innovation Awards for 2018 and we wanted to explore why the company was the top vote-getter for that category. FTF News got a chance recently to interview Robert Jeanbart, head of financial information and member of the executive board… Read More >>
Exchange Data International to Offer Key Content via QuantHouse
Exchange Data International (EDI) will be offering its securities reference data and end of day pricing through the QuantHouse hub of services accessed via application programming interfaces (APIs), which is intended to help a quant trader’s decision-making, among other operations. The London-based EDI has a content database that covers major markets, particularly emerging and frontier… Read More >>
Regulation Compels Buy Side to Automate: SIX Financial Information Exec
A few things are clear to Robert Jeanbart, division CEO for the Financial Information part of the SIX Group businesses, despite a raucous year that featured an industry racing to meet the MiFID II deadline and other mandates from global regulators. The first moment of clarity is that the regulators have no intention of slowing… Read More >>
Thomson Reuters & Symphony Partner to Integrate Messaging Wares
Partnership Will Facilitate Eikon and Symphony Links Securities trading could get a little easier with the integration to come between Thomson Reuters’ Eikon system and the Symphony Workflow Platform. The two have decided to work together to facilitate the sharing of Eikon objects such as charts, news and data via Symphony’s messaging and collaboration platform,… Read More >>
Banks Still Not Ready for FRTB Challenge
Although larger banks are making progress in laying the foundation for the Fundamental Review of the Trading Book (FRTB) requirements, there is still a lot of work to be done, according to a new study by London-based business management consultancy, InteDelta, sponsored by reference data vendor Asset Control. This may not come as a surprise… Read More >>
ESMA Urges Action on MiFID II Data Reporting
The European Securities and Markets Authority (ESMA) has issued a briefing note on the transaction reporting requirements for the Markets in Financial Instruments Directive (MiFID II), which sets out a detailed timetable of the deadlines. The Briefing Paper refers to the technical requirements and templates for data reporting, which ESMA published in October 2016. The… Read More >>
