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News & Commentary
Content tagged with Compliance posted in May 2013
Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
News  |  5/31/2013  | 
Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.
Paul Volcker Sounds Off on Regulators and the Volcker Rule
Commentary  |  5/31/2013  | 
The former Federal Reserve Chairman said that six regulatory bodies in the U.S. was too many, which he blamed for the stalemate in implementing Dodd Frank.
Why Public Opinion Matters, Even For System Testing
News  |  5/30/2013  | 
As financial institutions face more and more regulations, public opinion can be swayed depending on how systems testing professionals respond to regulatory pressures.
NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
News  |  5/29/2013  | 
NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.
Five Key Risks for Firms in 2013
Commentary  |  5/28/2013  | 
While the detailed risks run by firms are unique, there are a series of high-level risks which all financial services firms, no matter what their sector or geography, need to consider.
EU Dark Pools Regs Blast Buy Side
News  |  5/28/2013  | 
The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
Bloomberg Releases FX Chat Tool To Meet Compliance Demands, Gain Efficiencies
News  |  5/23/2013  | 
FX market participants can use IB Dealing to negotiate prices and can integrate chat data with Bloomberg's FX trading platform.
Prosecutors Circling, SAC Hedge Fund May Shut Down
News  |  5/21/2013  | 
After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.
A Letter to Anadarko Regarding Its 'Flash Crash'
News  |  5/21/2013  | 
In response to shares of Anadarko Petroleum trading as low as a penny last week, Themis Trading raises questions to Anadarko about the stock's rapid descent in the context of the current market structure.
When Is Compliance A Competitive Advantage?
News  |  5/20/2013  | 
When compliance is working, it often goes unnoticed and flies under the radar. However, the value of a good compliance program is hard to measure.
The Rich Past and Uncertain Future of the NYSE
News  |  5/17/2013  | 
On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
Regulators Compromise on Swaps RFQ Rule, So Are the Banks Winning?
Commentary  |  5/17/2013  | 
CFTC commissioners compromised on key rules that now require asset managers to contact two banks for prices on derivatives, rather than five, which was opposed by banks and lobbyists.
HFT Firms Flood DC with Donor Dollars
News  |  5/17/2013  | 
While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
Is it Time to Tweak, Keep or Scrap Reg NMS?
Commentary  |  5/16/2013  | 
The emphasis on speed, order protection, and technology that Regulation NMS brought to U.S. equities is analyzed in an indepth report by Tabb Group, which says it's time to debate the rule's effectiveness.
Asset Managers and Hedge Funds Face Swaps Clearing Deadline
Commentary  |  5/14/2013  | 
Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.
Financial Conduct Authority Selects Nasdaq OMX SMARTS Integrity for Market Surveillance
News  |  5/14/2013  | 
FCA will use market surveillance technology to monitor financial transactions across asset classes.
The SEC Just Brought The Hammer Down On The Stock Exchanges
News  |  5/13/2013  | 
While it’s been a long time coming, we are glad to finally see that the SEC has decided to get more involved in exchange regulation.
New Regulations Rank as Top Risk — DTCC Survey
News  |  5/10/2013  | 
82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up
Commentary  |  5/10/2013  | 
The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.
DataArt Launches Free Form PF Software for Hedge Funds
News  |  5/9/2013  | 
As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
BATS Chi-Ex Europe Wins Recognized Investment Exchange Status in U.K.
News  |  5/9/2013  | 
The change in status will allow the pan-European MTF to compete directly with stock exchanges across Europe including the LSE and Deutsche Borse.
60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
News  |  5/8/2013  | 
The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
Susquehanna Renews with SunGard for Compliance
News  |  5/7/2013  | 
Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
E-Trading Finally Takes Over Fixed Income
News  |  5/6/2013  | 
New regulations and low liquidity have fixed income markets going electronic.
DTCC Sues CFTC Over Swap Data Repository Rules
Commentary  |  5/3/2013  | 
The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs.
Dodd-Frank’s Third Anniversary: The IT Journey To Date
Commentary  |  5/3/2013  | 
The Dodd-Frank Act, which turns three in July, has created more questions for IT departments than it has answered.
How Dark Are The European Pools?
Commentary  |  5/2/2013  | 
Regulation of dark pool trading in Europe is still in progress, with equity investors closely watching actions by the European Commission, European Parliament and the Presidency of the Council of the European Union.
HFT Debate: Two Experts Square Off On Market Structure
News  |  5/1/2013  | 
Professor Bernard Donefer of Baruch College and Sal Arnuk, Partner at Themis Trading went head-to-head on regulation, technology and politics surrounding the controversial practice of HFT.

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