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 >>
ITG Expands TCA Service to Fixed Income Markets
Independent broker and financial technology vendor, Investment Technology Group (ITG) is expanding its transaction cost analysis (TCA) platform to serve the fixed income market as a way to help industry participants meet best execution and other regulatory requirements for MiFID II and other reporting regimes. The ITG’s new fixed income TCA support provides institutional investors… Read More >>
Vendors Target Multiple Facets of MiFID II Compliance
Financial technology vendors are readying products to help global financial services firms prepare for the many facets of the Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) legislation, which takes effect January 3, 2018. The offerings range from support for digitized pre- and post-trade processes to stress-tests for trading algorithms and execution processes. The new… Read More >>
FICC Launches a Repo Clearing Service
FICC Targets Risk Reduction & Capital Relief The Fixed Income Clearing Corp. (FICC), a DTCC subsidiary, has launched a repo clearing offering, the Centrally Cleared Institutional Tri-Party (CCIT) Service, that is intended to provide risk reduction and potentially capital relief, officials say. In fact, hedge fund giant Citadel and investment bank Morgan Stanley have already… Read More >>
New Vendor Takes on MiFID II Unbundling Woes
One of the most profound changes that the MiFID II reforms will bring about is an unbundling of the money for research that buy-side firms pay to sell-side firms. With that in mind, a startup provider, Global Commission Systems (GloComm), based in New York City, has designed a system that it hopes will help firms… Read More >>
Research Analysts Could Be Casualties of Unbundling
As MiFID II draws closer, there has been a spate of reports predicting the dire consequences of unbundling on Europe’s investment banks. The separation of research from execution is expected to lead to hundreds of job losses for research analysts as banks restructure their operating models, according to a new report from consultancy McKinsey. The… Read More >>
GoldenSource & McObject Focus on Faster Regulatory Requirements
GoldenSource, an enterprise data management (EDM) vendor, and McObject, maker of an ultra-low latency database system, are partnering to offer a regulatory technology platform that will support the high-speed demands of regulatory compliance. The collaboration has led to the integration of McObject’s low-latency eXtremeDB and GoldenSource’s Market Data Solution, officials say. McObject’s software and services… Read More >>
RIA to Use Fiserv’s Portfolio Accounting & Trading System
Capital Wealth Planning to Deploy Fiserv Platform Capital Wealth Planning, a registered investment advisor (RIA), will be deploying the Unified Wealth Platform from Fiserv for portfolio accounting and trading in order to supports its growth path. The firm, based in Naples, Fla., chose the Fiserv to help it “achieve greater productivity and efficiency in our… 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 >>
Regulators Catch Up to Social Media Usage
(Editor’s note: Digital compliance, archiving, and analytics vendor, Actiance, recently signed a global partnership with Hootsuite, a social media management platform provider. The partnership will combine Hootsuite’s platform with Actiance’s Socialite offering for compliance across public social networks, and Actiance’s Alcatraz, a context-aware, cloud-based archive. A key aspect of the collaboration is the growing list… Read More >>
