The U.S. Commodity Futures Trading Commission (CFTC) is seeking “expert industry leaders” to join its new CFTC CEO Innovation Council, which is intended to help the regulator “in shaping responsible regulations that will lay the foundation for America’s Golden Age of Innovation,” says Caroline D. Pham, the acting chairman of the CFTC. Those who wish… Read More >>
FIX Group Wants Reforms for E.U.’s CTP Reporting
An industry association, the FIX Trading Community, wants to increase the “size and attractiveness” of European trading markets via modifications to trading practices and extensions of the Financial Information eXchange (FIX) protocol governing electronic trading, officials say. In a whitepaper, “FIXing Europe: How the European Consolidated Tape can radically improve the image of European capital… Read More >>
A.I.-Based Tool Targets CSD Affirmations for E.U.’s T+1
Central securities depositories (CSDs) affirmation is a crucial part of Europe’s T+1 settlement transition that isn’t being discussed, according to Brussels, Belgium-based financial market infrastructure group Euroclear, connectivity platform Taskize, and post-trade process automation provider Meritsoft. Last month, the European Securities and Markets Authority (ESMA) unveiled a proposal for same-day (trade date) timing for trade… Read More >>
SSC Expands E.U. Wealth Management Services via Ireland
SS&C Technologies has launched “a significant expansion” of its European wealth management business via SS&C Wealth Services Europe Ltd., a business that has been authorized according to the guidelines of the Markets in Financial Instruments Directive (MiFID). The new business will be based in Dublin and “will focus on helping financial institutions modernize and scale… Read More >>
FCA Hopes ‘Eunice’ Platform Will Aid Crypto Transparency
U.K. regulator, the Financial Conduct Authority (FCA), has added a regulatory technology platform, dubbed Eunice, to its “Regulatory Sandbox” as a way to explore and develop industry-led solutions meant to bring more transparency into England’s crypto markets, officials say. Using Eunice to help build new solutions is intended to “make digital assets safe and more… Read More >>
EC Scrutinizes Deutsche Börse & Nasdaq for Potential Collusion
Earlier this month, the European Commission (EC) announced in bombshell news that it is probing potential collusion between exchange giants Deutsche Börse and Nasdaq, citing the listing, trading, and clearing of certain derivatives. For many in the derivatives world, this latest antitrust investigation took them back to 2007 when the International Securities Exchange (ISE) filed… Read More >>
Rivvit’s ‘Virtual Analyst’ Lets Firms Talk to Data
Rivvit Inc., a data management and reporting solutions provider, now offers a virtual analyst that uses artificial intelligence (A.I.) technologies to help end-users at investment management firms use natural language conversations to interact with data and documents. Rivvit’s virtual assistant is intended to help front, middle, and back-office teams retrieve natural language answers about portfolio… Read More >>
Time to Unify the SEC & CFTC?
Should the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) become a single, unified regulator? It’s not a new question, and recently I have been asking industry veterans if now is a good time to unite the regulators as a way of achieving regulatory efficiencies. But Timothy G. Massad,… Read More >>
T. Rowe Price Deploys Customized Platform for Corporate Bonds
T. Rowe Price has a customized platform, a version of the Primary Bond Issuance (PBI) data management and workflow solution from Genesis Global for corporate bond deals that the asset manager’s fixed-income team can use to streamline the bond deal lifecycle, officials say. Genesis customized the PBI platform for T. Rowe Price to help the… Read More >>
Millennium bcp Takes On FRTB & Market Risk
Officials at Millennium bcp say they are bolstering the financial services firm’s compliance with the Fundamental Review of the Trading Book (FRTB) and market risk management capabilities through a strategic partnership with Murex, a trading, risk management, and processing solutions provider. “Under this agreement, Millennium bcp will implement Murex’s MX.3 platform to strengthen its market… Read More >>
