TradeSmart Gets New Links to Liquidity With buy-side customers in mind, TradingScreen Inc. is partnering with Liquidnet, an institutional trading network, to allow the TradeSmart order and execution management system (OEMS) to access Liquidnet’s institutional liquidity and trading strategies, officials say. A TradingScreen offering, TradeSmart is a software as a service (Saas) targets best execution… Read More >>
Gensler Says Crypto Exchanges Are a ‘Mess’
Cryptocurrency exchanges have a long way to go as far as providing protections for investors and other industry participants, says Gary Gensler, the former CFTC chairman who spoke last month at ISITC’s 24th Annual Securities Operations Summit in Boston. Gensler, who spoke during a wide-ranging political discussion about the changes underway in President Trump’s Washington,… 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 >>
Trump’s Treasury Moves to Repeal & Replace Dodd-Frank
The U.S. Department of the Treasury released a report late last week that is being called a blueprint for all the federal agencies that oversee Wall Street firms, and it points to ways to “streamline and reform the U.S. regulatory system for the capital markets,” according to Treasury officials. The report follows President Trump’s Executive… Read More >>
FTF Awards Q&A: Regulatory Uncertainty Ahead
(Editor’s note: In this Q&A, Steve O’Hanlon, CEO of Numerix, reviews some key trends and events of 2016, and looks forward to the rest of this year and beyond. For the road ahead, O’Hanlon foresees a lot of regulatory uncertainty, which will complicate many matters. Numerix won the Best Pricing or Valuation Solution award of… Read More >>
OCC Wants Input for Volcker Rule Revamp
The U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) is seeking public input on revisions to the implementation of the Volcker Rule, as section 619 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 is commonly known. Those revisions are generally in the service of the Trump… Read More >>
Trump Forges Regulatory Shift via FDIC Nomination
The White House has announced its intention to nominate James Clinger, the chief counsel for the House of Representatives committee on financial services, to be a director at the Federal Deposit Insurance Corp. (FDIC). Additionally, the plan is for Clinger, whose nomination will require Senate confirmation, to become chairman of the FDIC for a five-year… Read More >>
Congress to Mull Contentious Financial CHOICE Bill
The Republican-run House Financial Services Committee is putting forth the Financial CHOICE Act, the GOP’s sweeping alternative to the Dodd-Frank Act, which would take financial services reform in a direction more in line with the Trump administration’s goals. As the bill makes its way through Congress, some of the initial aspects of the bill, dubbed… Read More >>
How Harmful is Knee-Jerk Deregulation?
(Editor’s note: David Bailey, group head of marketing and communications, Augentius, spoke to FTF News about the need for transparency among the general partners, limited partners and regulators, particularly as the CHOICE Act bill, a Republican alternative to the Dodd-Frank Act, is proposing cut the SEC registration requirement for private equity investment advisers. The private… Read More >>
Trump Team Challenges SIFI Designation for Non-banks
The Trump Team is signaling that it is taking on aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and a key one, the “systemically important financial institution (SIFI)” designation stemming from Dodd-Frank is under review, according to a recent presidential memorandum to the secretary of the Treasury Department. The Trump team overseeing… Read More >>
