Content tagged with Compliance posted in December 2013
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The Second Coming of the Reference Data Utility
Five years after the financial crisis, the Global Legal Entity Identification System initiative, has renewed interest in solving the reference data issue, long preventing efficiency in the financial supply chain.
Privacy in the Face of BYOD: Challenges in Carefully Managing a Mobile Recording Solution
Amid the user-sensitive subject of recording, the battle between recording applications and in-network recording continues.
An Ounce of Prevention is Worth a Pound of Cure
Even with the new SEC regulations, US brokers have a lot of work to do to comply with market access rules.
OPRA Seeks Bidders for Service Contract, Casting Wide Net to Find Alternative Providers
Amid regulatory concerns over SIP outages, the Options Price Reporting Authority, known as OPRA, will issue an RFP seeking bidders to run the mammoth options quote and trade data feed.
Why Leading Global Asset Managers Want to FIX Their Post-Trade
Firms have started to consider and use the FIX protocol for post-trade.
Connecting the Spine to the Brain: DTCC Limit Notifications
To improve risk controls, different systems across the industry need to start working together.
Volcker on the Mind, But Will it Deliver?
Risk-based metrics are at the core of Volcker Rule compliance. But will firms be able to adequately evaluate risk?
Bloomberg Aims To Ease Instant Messaging Compliance
Following rate rigging scandals where traders used chat rooms to communicate, Bloomberg consolidates messaging compliance tools for clients.
IEX Utilizes Redline Trading's Ultra-Low Latency Ticker Plant for Market Data
New trading venue IEX relies on Redline's high-speed software solution to calculate the national best bid and offer (NBBO) in stocks, providing high reliability and speed.
Why Market Risk Systems Are Vital to Volcker Rule Compliance
The race is on to reconfigure or implement ongoing position management capabilities, specifically as it relates to extraneous agency positions, writes Daniel Parker of SunGard's capital market business in the second part of his series on the Volcker Rule.
LEIs, A Regulatory Darling, Leave Firms In Search of Accuracy
Regulators are recognizing the importance of legal entity identifiers (LEIs), but in the global and ever-changing market it's difficult for companies to accurately manage scale and complexity of data sourcing.
In God We Trust: All Others Bring Data
The way FX benchmarks are set and how FX trading is monitored is about to fundamentally change.
Enhanced Automation is Key for Banks Under the Final Volcker Rule
Adherence to a well-aligned exposure analysis system that continuously monitors residual positions (and portfolios) is necessary to remain compliant with the Volcker rule, writes Daniel Parker of SunGard's capital markets business.
Trading Marketplaces: A Sea Of Changes
New regulations are driving fluid changes in most financial markets. Expect these changes to keep coming for the foreseeable future.
Buy and Sell Side Firms Terminate Swap Positions via TrueEX's Platform
Alliance Bernstein, MKP Capital, JP Morgan and SocGen used TrueEX's portfolio termination compaction (PTC) platform to automate a manual, error prone process.
A Stronger Volcker Rule Is Law: Is this a Compliance Nightmare for Banks?
Now that regulatory bodies have voted for the Volcker Rule, there are a slew of new rules, definitions and exemptions that banks must build compliance mechanisms around to avoid violating the ban on proprietary trading.
10 Takeaways From the FIX Regulatory Briefing
Technologists need to participate in regulatory commenting periods and regulatory ambiguity actually has some advantages.
Post-Trade Finally Gets Its Close-Up
Once a back-office function, the post-trade space is now paramount to the success of market participants, infrastructure players and regulators alike.
GMEX Unveils Trade Reporting Service for Derivatives To Comply with EMIR
The neutral outsourced service is aimed at helping investment managers and corporate entities to report their trades in both listed and OTC derivatives, as required by February 2014.
The Domino Effect on Your Firm’s Compliance Program
Without a holistic impact analysis and end-to-end compliance program, financial institutions can face a negative domino effect — with just one discrepancy a series of errors and issues can follow.
Making Sense of the Multi-Flavors of XBRL
XBRL will be the first step toward the semantic Web, where the exchange and analysis of financial information will not require any manual intervention.
Where are the Technologists’ Voices in Global Financial Reform?
In an attempt to fix the plumbing of the global financial markets under Dodd Frank with a unique identification code for swaps and counterparties, technology has been an afterthought, writes Allan Grody, President of Financial InterGroup Holdings LLC.
Software Vendor Brings Transparency to Complex Swaps Data
London-based Clarus Financial Technology has created software apps that help the public understand complex trade feeds aggregated by the swap data repositories.
Efficient Infrastructure Linked to Increased Alpha
According to a SimCorp survey 40% of buy-side investors have little confidence in the data they use to make investment decisions.
Javelin SEF Narrows MAT Filing, Citing Operational and Buy-Side Readiness
Based on feedback from buy-side institutions, Javelin SEF has simplified its CFTC filing to focus on the most obvious kinds of swap transactions, known as benchmarks.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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