Bitcoin futures contracts launched Monday, Dec. 18, via the CME Group to a mix of fanfare and skepticism about the crypto currency and the underlying infrastructure that are captivating securities operations. Reflecting the concerns of many, ING analysts posted an analysis Sunday, Dec. 17, “Why Bitcoin is Destined to Become a Niche Asset,” that advocates… Read More >>
New Collateral Management Strategies Require New Building Blocks
Post-crisis regulation and competitive market conditions have forever changed the collateral management process for securities trading firms. The push to develop new collateral optimization strategies has often uncovered major problems within a firm’s own systems and processes. Most firms have had to move quickly to revamp their internal systems and craft new collateral management operations… Read More >>
GoldenSource Attempts to Ease Asset Managers’ Data Problems
For its latest offering, GoldenSource is targeting the regulatory reporting and related data woes that are likely to get worse for buy-side firms that have to also source and cleanse financial instrument information and conditions, says Prashant Kumar, senior vice president for the data management vendor. The new GoldenSource Nexus offering is described as “a… Read More >>
Volante Helps Clients Build Customized RegTech Hubs
Volante Technologies has been working with financial services firms on both sides of the Atlantic to help them build preliminary regulatory reporting hubs that are intended to streamline transaction reporting requirements, according to vendor officials. Vendor officials cannot name names but buy- and sell-side firms are working and testing prototypes. The prototype-testing phase is slated… Read More >>
FTF Awards Gala Q&A: Time to Rethink Regulatory Reporting?
(Editor’s note: Regulators are pushing for more transparency into the parties involved in the pre- and post-trade processes, says Arun Karur, vice president at Sapient Global Markets. This will mean more work for end-user firms, and that the flow of regulation and regulatory reporting will not be slowing down, says Karur, who took time out… Read More >>
SIX’s New Hub Helps Firms Re-Use Regs Data
With wealth managers, assets managers, banks and other market participants in mind, SIX Financial Information, a data and services vendor, is launching a platform that facilitates the re-use of regulatory data and documentation thus easing some regulatory burdens, according to officials at SIX. The new hub is intended to structure and exchange product data, information… Read More >>
Sapient Global Markets Tightens Links to Microsoft Azure
Sapient Global Markets (SGM), a technology and consulting services provider, will be tightening its collaboration with Microsoft’s Azure cloud computing service, and Sapient’s CMRS regulatory reporting platform will be taking full advantage of the greater joint effort, officials say. “We have had CMRS on Azure for the last two years but we are now enhancing… 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 >>
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 >>
FINRA Wants to Rewrite Capital Formation Rules & Requests Comment
The Financial Industry Regulatory Authority (FINRA), as part of a review of its own operations and programs — the FINRA360 initiative — is calling for comment on three of its proposed rules related to the capital formation process. One of those proposed rules focuses on the capital-formation processes of its member firms, “with the others… Read More >>
