Financial services firms are gearing up for the reporting requirements of the Securities Financing Transaction Regulation (SFTR), and the DTCC is partnering with EquiLend, Trax, IHS Markit and Pirum to improve its global trade reporting capabilities before the SFTR rules take effect by the end of next year. Even though SFTR originated with the European… Read More >>
SmartStream Leads Effort to Fill MiFID II Reporting Gap
To fill a MiFID II reporting gap, Ops vendor SmartStream via its Reference Data Utility (RDU) is working with Approved Publication Arrangements (APAs) to operate a Systematic Internalizer (SI) Registry. The SI chores of MiFID II kick in after a determination is made about the frequency and volume of transaction orders that a counterparty crosses… Read More >>
Trax Expands Euro Management with Senior Hires
Trax, a provider of regulatory transaction reporting, financial market data and trade matching services for European securities markets, and a wholly owned subsidiary of MarketAxess Holdings, has named Chris Smith head of post-trade services, and Kevin Swann head of data. Smith, an industry veteran, joins Trax from NYSE Euronext, where he was responsible for the… Read More >>
