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 >>
U.K.’s FCA Issues ‘Near Final’ MiFID II Rules
The Financial Conduct Authority (FCA) not only issued its “near final” rules on MiFID II, but also encouraged financial service firms to step up their efforts in order to avoid being left out in the cold in the U.K. market. This means applying now for authorization or variations of current permissions they may require. According… Read More >>
Global LEI Overseer Officially Blesses DTCC’s GMEI
The Legal Entity Identifier (LEI) utility subsidiary of post-trade infrastructure provider DTCC has gotten an official accreditation from a global overseer that will boost the number of LEIs in the system and bolster the initiative, says Ron Jordan, managing director, chief data officer at the DTCC. In fact, the blessing from the Global Legal Entity… Read More >>
Indata’s iPM Epic Update Targets MiFID
iPM Epic Uses Big Data Technology Indata, a software, technology and services vendor targeting buy-side firms, has released an update of its iPM Epic software suite that offers “significant functionality enhancements” for the implementation of the Markets in Financial Instruments Directive (MiFID) II. More than 350 changes were made to the iPM Epic software suite… Read More >>
Broadridge Girds Post-Trade Arsenal via Third Acquisition
Broadridge Financial Solutions has acquired for an undisclosed amount post-trade specialist Message Automation Ltd., making this the third major company purchased by Broadridge in its bid to broaden its post-trade and data analytics capabilities. Broadridge’s previous post-trade related acquisitions were: In June 2016, Broadridge expanded its global securities financing and collateral management capabilities via the… Read More >>
Linedata Admin Edge to Get New Links to Morningstar’s BondPro
Linedata Extends Morningstar Agreement Investment management systems vendor Linedata is expanding its fixed income and credit derivatives coverage for its fund services clients via an extension of its partnership with Morningstar, officials say. “The partnership will provide expanded analytics to meet the requirements of alternative funds and [separately managed accounts] and enhances Linedata Admin Edge’s… Read More >>
CloudMargin & SmartDX Tackle the Variation Margin Rule
Variation Margin Rule Takes Effect March 1 CloudMargin, at web-based collateral and margin management solution, and SmartDX, which provide trade and relationship document generation, collaboration and processing announced that they have partnered to address the daily variation margin (VM) rule that goes into effect March 1 in the European Union, United Kingdom, United States and… Read More >>
CIBC to Deploy Reporting Hub from Wolters Kluwer
CIBC to Expand Use of OneSumX Canadian financial institution CIBC will be using financial technology vendor Wolters Kluwer’s OneSumX regulatory reporting software for its efforts in the U.K. and Asia Pacific region, vendor officials say. The OneSumX offering provides solutions and services to “manage the intersection of governance, finance, risk and compliance, increasing organizational profitability,… Read More >>
