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 >>
Glitch Halts ETP Trading for NYSE Arca
ETP Transactions Impacted by NYSE Arca Halt Exchange-traded product transactions via NYSE Arca were halted for 15 minutes on the morning of Monday, Dec. 19, because of a complication caused by a software upgrade, according to New York Stock Exchange officials. “We identified an issue on NYSE Arca Equities (our electronic market for ETPs [including… Read More >>
GLEIF and ‘First Movers’ Complete LEI Process Test
GLEIF Works with First Mover LEI Issuers The Global Legal Entity Identifier Foundation (GLEIF) and five “first mover” Legal Entity Identifier (LEI) issuers have “successfully concluded a prototype exercise” that tested the end-to-end process of collecting and validating data on the direct and ultimate parents of legal entities that have an LEI, reports Stephan Wolf,… Read More >>
BNP Paribas Unit Tests DLT for Mini-bond Platform
In a bold step, BNP Paribas Securities Services has struck a partnership with renewable energy crowdfunding providers Lendosphere, Enerfip and Lumo to enable private companies to issue mini-bonds through distributed ledger technology (DLT). The platform, which is set to launch at the end of the year, aims to have transactions conducted more securely as well… Read More >>
New SmartStream RDU CEO to Push Ops Utility
SmartStream has found a true believer in the industry utility concept and has made industry veteran Peter Moss the next CEO of the SmartStream Reference Data Utility (RDU). The RDU is a managed service that delivers reference data for regulatory reporting, trade processing and risk management operations in a supposedly more cost-effective utility approach, officials… Read More >>
Why the DTCC Is Using Amazon’s Cloud
Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security. But Amazon zeroed in on the compliance and security demands and… Read More >>
