Sun Targets Reg NMS at SIA Show
Sun Microsystems is preparing to make a big splash at the SIA Technology Management show with its multiple messages around Reg NMS, bird flu, market data and best execution.
MiFID and Reg NMS will open up new business opportunities in market data sales for the European and U.S. markets, according to a Celent report.
PFPC, STN Address Compliance
As the October deadline for SEC Rule 22c-2 compliance nears, Wilmington, Del.-based PFPC announced it will provide a Web-based monitoring tool that will give fund companies access to PFPC's more than 50 million broker-dealer subaccounts and SunGard's 43 million retirement subaccounts.
With the launch of Transaction Tzar, eflow (Wells, Somerset, U.K.) now is offering an end-to-end transaction monitoring and auditing solution for all asset classes.
Authentication Gets Deeper
London-based Deepnet Technologies has responded to the user authentication guidelines of the Federal Financial Institutions Examination Council (FFIEC) with its recently released Unified Authentication solution.
Although MiFID has yet to fall on the EU, the global nature of the industry demands that U.S. firms pay attention to the changes at hand.
Airing Out The Laundry
The current regulatory scrutiny of anti-money laundering (AML) efforts in the financial markets is here to stay, according to a new report from Aite Group.
Careful What You Wish For
Just a few weeks ago, the providers of technology, services or just plain advice for Reg NMS compliance were anxiously awaiting this year's SIA Technology Management show in New York in hopes of signing many new deals and having a robust fiscal quarter.
E-mail records create a unique problem: Employees consider e-mail to be private and informal while investigators consider e-mail to be a formal business record and will hold a company accountable for e-mails' contents.