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News & Commentary
Content tagged with Compliance posted in July 2013
Nasdaq FinQloud Inks 19th Financial Services Client
News  |  7/31/2013  | 
Since its launch, Nasdaq OMX's FinQloud offering has secured 19 clients and expects to have 21 by the end of the week.
Outsourcing Trends on Wall Street: Changing Attitudes
Commentary  |  7/31/2013  | 
When considering outsourcing vendors, it is important to analyze the intangibles — to look beyond cost, schedule and compliance. The right partner should be of comparable size; for mid-size buyers, global brands most often do not translate to quality.
Transaction Taxes: Finding an Operational Solution To A Global Problem
Commentary  |  7/30/2013  | 
If financial firms are required to calculate taxes in more than one jurisdiction, operations teams will be tested to keep up without the proper automation.
Auditors Not Okay With Rampant Secure Shell Key Mismanagement
News  |  7/30/2013  | 
Software that provides a risk and compliance report for Secure Shell environments continues to show large-scale security violations across the industry. Auditors, who are also armed with the software, are not taking kindly to the old habit of leaving forgotten access codes lying around.
Scivantage Maxit Reconciles Data Using Broadridge
News  |  7/29/2013  | 
Scivantage extends partnership, with Maxit adding data reconciliation through Broadridge.
Are Banks Pushing to Weaken Dodd-Frank?
News  |  7/26/2013  | 
Goldman Sachs, JPMorgan and other top investment firms have had more meetings with regulators than with reform groups. Wanna bet what they were talking about?
Will the REAL OEMS Please Stand Up?
Commentary  |  7/25/2013  | 
Many firms claim to offer an OEMS, yet there is no precise definition. Here are the top 10 features that an OEMS must have to qualify for the coveted moniker.
For Banks, FATCA is a Technological Challenge
News  |  7/25/2013  | 
The FATCA deadline may have been pushed back, but is there still enough time to react? How has the roll-out of compliance solutions progressed from a technology standpoint?
CFTC First To Use Dodd-Frank To Charge HFT Firm
News  |  7/22/2013  | 
The CFTC has shown it's ready to use new regulatory powers to combat corruption in the marketplace. What took so long?
trueEX Strikes Agreement with CME Clearing for Credit Spread Futures
News  |  7/19/2013  | 
The new trueEX credit spread futures contract will be traded over CME's Globex platform, giving it global distribution.
Document Risk: Taming the Paper Tiger
News  |  7/16/2013  | 
Thanks to new regulations - written more often in gray than black white - investment firms are suffering from document risk, or poorly archived documents and information. While it may not have the white-hot urgency of liquidity or credit risk, document risk is still a source of confusion for today’s firms. WST spoke with Mahesh Muthu, associate principal at eClerx, about the ways firms can stay ahead of their documentation dilemmas.
Is HFT Leveling the Playing Field?
News  |  7/16/2013  | 
As lawmakers look at high-frequency trading, firms continue to shave the time off of their trades. WST spoke with Azul Systems CEO Scott Sellers for his take on high frequency trading going forward. Is it still full steam ahead or are firms looking to back off?
MarketAxess Files SEF Application with Regulator
News  |  7/15/2013  | 
With the CFTC finalizing the rules for swap execution facilities or SEFs, MarketAxess is moving ahead with plans to trade credit default swaps under the Dodd-Frank Act.
Sterling Trader Offers Nasdaq OMX Surveillance Solution to Buy-Side Customers
News  |  7/12/2013  | 
A service bureau offering its infrastructure and DMA platforms to broker-dealers offers surveillance technology to monitor order traffic.
CFTC Hammers Out Cross-Border Derivatives Trading Regs, Irritating Banks
Commentary  |  7/11/2013  | 
Wall Street may be holding its breath, but CFTC Commissioner Gary Gensler is close to finalizing overseas trading rules to meet tomorrow's July 12th deadline.
3 Ways IBOR Can Improve Alpha
Commentary  |  7/11/2013  | 
Buy side firms rely on real-time data to help traders increase alpha and better interact with regulators. If an investment book of record is the best solution to date, its greatest triumph may lie in the discussion it's sparked.
What's Inside the Buy Side's Survival Kit?
Commentary  |  7/9/2013  | 
Adapt to change or face extinction, buy side firms are paying attention to the "investment book of record" or IBOR, along with crowdsourcing for alpha, while prioritizing compliance and post-trade cost savings.
Data Mining Efficiency: eClerx Releases New Compliance Tool
News  |  7/9/2013  | 
A new solution by eClerx enables financial institutions to extract data from ISDA CSAs that will help them better manage legal and credit risks.
5 FATCA Considerations and Challenges
Commentary  |  7/2/2013  | 
The Foreign Account Tax Compliance Act (FATCA) is certainly a headache for financial firms. Here are 5 things you need to do.
Majority of Investors Send Operational Due Diligence Teams to Hedge Funds
News  |  7/1/2013  | 
Regulation is driving the importance of operational due diligence teams, with 70 percent having the power to veto hedge fund investment decisions, according to Deutsche Bank survey.

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