UBS is collaborating with Barclays, Credit Suisse, KBC Asset Management, SIX and Thomson Reuters to meet MiFID II legal entity identifier (LEI) requirements and improve the quality of counterparty reference data using Ethereum smart contracts. The project, which was kick started by UBS in its London-based innovation lab Level39, is currently in a pilot phase,… Read More >>
LEIs Get a MiFID II Reprieve & Other Happy News!
In comparison to the gut-wrenching twists and turns of 2016, this year provided us with moments of healing, reflection and hope even though many events rocked the landscape for the securities industry. But, at certain points in 2017, rationality prevailed such as when on Dec. 20, the European Securities and Markets Authority (ESMA) issued a… Read More >>
Deutsche Bank’s Autobahn 2.0 Uses A.I. to Bolster Best Execution
Deutsche Bank is applying artificial intelligence (A.I.) to an upgrade of the proprietary system for trading, Autobahn 2.0, that includes self-learning mechanisms to facilitate more reliable predictions about equities pricing and volume, which should bolster the best execution requirements of the MiFID II reforms. No provider can guarantee best execution compliance as that is the… Read More >>
ING Bond Traders Cut to the Chase via ‘Katana’
A.I. Tool to Bolster Decision-Making Rather Than Replace Traders With a Samurai sword in mind, ING is using an artificial intelligence (A.I.) tool, dubbed Katana, “to help bond traders make faster and sharper pricing decisions,” according to officials at the firm. The new tool has not been created to replace human traders but to “enhance… Read More >>
Integral Readies Market Data Support for Crypto Currency Pairs
Integral Also Launches iOS App Foreign exchange (FX) technology vendor Integral is now offering market data support for Bitcoin, Ethereum, Bitcoin Cash and Litecoin via its trading platform, the Open Currency Exchange (OCX), officials say. The expanded market data coverage will include the top pairings of: BTC/USD; ETH/USD; BCH/USD; and LTC/USD. Over the coming weeks,… 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 >>
MiFID II Deadline Spurs Ops Overhauls for Firms
Although MiFID II is only four weeks away, buy- and sell-side firms are at different stages of preparation. For many, the goal is to cross the finish line on Jan. 3, 2018, but then to spend the rest of the year fine-tuning their systems and processes. “One of the unknowns is how many people are… Read More >>
Broadridge Enters Robo-Advisory Market via Wealthsimple Partnership
Broadridge Targets Next-Generation Investment Strategies Broadridge Financial Solutions is partnering with Wealthsimple, a digital investing service in Canada, to, automated investment management, also known as “robo-advisory services,” that will support advisor-investor and direct-to-investor models, officials say. The partnership will integrate Broadridge’s capabilities with the Wealthsimple technology platform, in an effort to “drive efficiencies in client… 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 >>
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 >>
