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News & Commentary
Content tagged with Compliance posted in June 2013
Broadridge and Scivantage Join Forces for Cost Basis Reporting
News  |  6/30/2013  | 
In a Wall Street & Technology exclusive, the CEOs of Broadridge and Scivantage discuss their new joint venture, the demands of compliance within operations and the eternal buy vs build debate.
Could MF Global’s CIO Have Stopped Jon Corzine?
News  |  6/28/2013  | 
Regulators are not just bringing charges against Jon Corzine for nearly driving MF Global off the cliff, they're also looking at the broken brokerage’s assistant treasurer. Both may lose their license and never trade again. What does a CIO do if they know that things are not right inside a trading firm?
Q&A: Market Surveillance Demands 20-20 Vision
News  |  6/14/2013  | 
Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
3 Tips to Automate UDAAP Management
News  |  6/14/2013  | 
With the CSFB indicating it is taking a strong stand, financial firms need to make sure they do not end up taking on hefty UDAAP fines.
Swaps: The Next Frontier
Commentary  |  6/13/2013  | 
Migration to electronic and multilateral trading in the swaps market will create myriad trading opportunities.
Disclosing Dark Pool Volumes, Only A Matter of Time
Commentary  |  6/13/2013  | 
A panel of Wall Street executives warmed up to the idea of reporting dark pool volumes on a monthly basis, as they debated U.S. equity market structure.
Clearing the Haze Around Financial Services Cloud Computing
News  |  6/13/2013  | 
Financial firms still need to overcome cloud regulatory and security concerns.
Is Financial Services Innovation Dead?
Commentary  |  6/12/2013  | 
Fear, regulation and tight budgets have reduced investment in IT innovation to unimaginable lows. Will technology innovation return to Wall Street?
SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
News  |  6/12/2013  | 
The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
The Future of Corporate Actions Standards
Commentary  |  6/12/2013  | 
Setting standards on transaction processing and how to communicate the status of financial events between banks and their customers is firmly within our control, and now is the time to take action.
Clearing Connectivity Standard Wins Support from Large Brokers
News  |  6/11/2013  | 
BofA Merrill Lynch, J.P. Morgan, UBS, and Barclays confirmed their support for the new OTC derivatives reporting standard.
LOYAL3 Selects Scivantage Maxit For Cost Basis Reporting
News  |  6/9/2013  | 
To increase customer service, a new social brokerage firm selects Scivantage's Maxit for cost-basis reporting.
3 "Rs" Of Monitoring Dodd-Frank Trade Reporting
Commentary  |  6/9/2013  | 
The Dodd-Frank deadline for swaps trade reporting is upon the industry and firms can expect even more regulatory change in the next few years.
Tradeweb Completes Electronic Pre-Trade Credit Check on Buy-Side Swaps Trade
News  |  6/7/2013  | 
The derivatives platform demonstrated electronic pre-trade credit checking with an FCM for cleared swaps, using both ping and push protocols.
The Dark Pools’ Choice: Go Into the Light or Down the Drain
News  |  6/7/2013  | 
In a letter to the operators of 15 dark pools, Finra asked for more detail about who knows what happens in these unlit exchanges.
FATCA Presents Opportunity To Create Competitive Value
Commentary  |  6/4/2013  | 
Rather than just build another database to meet a regulatory requirement, firms should build an architecture that harnesses the power that is available in a company's data.
Asset Managers Can Use Technology To Improve Investor Trust
News  |  6/4/2013  | 
By using technologies for revenue and billing management, asset managers can achieve greater efficiencies while restoring the confidence of investors.
Eris Exchange Reduces Contract Size to $100k to Broaden Access to Asset Managers
News  |  6/3/2013  | 
The notional size of the Eris swap futures contracts were modified by a factor of 10 in response to user demand from buy side firms in advance of the June 10 clearing deadline.
James Toffey Joins GFI to Head Up Electronic Markets
News  |  6/3/2013  | 
Interdealer broker GFI hired James Toffey, the co-founder and former CEO of Tradeweb, to spearhead its plans to launch regulated trading platforms for cash, derivative financial and commodities products in the U.S. and Europe.

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