Contract
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
This Week: T+1; FlexTrade/TradeFeedr; SimCorp/Snowflake; and more
A summary of some of the past week's financial technology news.
Digital rights group debuts ODRL, plans common tech framework
The community group is building a referencing architecture to test the theory that all participants in the data supply chain behave as originators, providers and users.
Murky road ahead for consolidated tape plan administrator in the US
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
JP Morgan fast-tracks market data licensing tools
The bank is developing solutions to help internal teams understand compliant usage and entitlements.
One step closer: How exchanges are seeking tighter relationships with clients
Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
Esma: Firms struggled with trade data porting after CME wind-down
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Jumping ship: Concerns raised over LSEG’s 2022 Docklands datacenter move
The project comes at a time when Euronext is considering a datacenter move, and sources speculate that Six might also be another candidate to migrate. Market participants are split on the news of the LSEG migration, with some calling it “frustrating,”…
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
.jpg.webp?itok=jDb21cYX)
EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline
Commonalities between the two firms' commodities pricing units bring them under regulatory scrutiny as they move closer to an acquisition deal. At the same time, it appears that IHS will lean into the regulatory reporting space.
EU Firms Seek Clarity on Tech Requirements for Incoming Cloud Guidelines
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
Digital Rights Project for Data Usage Faces Legal, Operational Hurdles
Keen to trim the resources they expend on interpreting licenses, investment firms are exploring how they can turn data agreements into machine-readable code. Doing so is fraught with challenges.
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Esma Guidelines Call for Full Audits of Cloud Providers
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
Despite New Approaches, Industry Still Divided Over Data Licensing
Data licensing agreements remain a source of contention for the industry, as suppliers look to differentiate offerings via disruptive pricing structures.
Goldman Sachs Revamps Virtualization Infrastructure
The investment bank is leveraging Red Hat's OpenShift technology to better manage its global footprint of virtual machines.
How Sarson Strover’s Outsourcing Policy Averted Virus Disruption
The newly fledged UK hedge fund has outsourced its portfolio management tech and operations to third parties, a move that has helped it through the coronavirus pandemic.
Interactive Brokers Creates Vendor Arm to Consolidate Data Ops
The creation of GFIS is the culmination of a three-year plan to consolidate and improve how the broker managed hundreds of data sources.
Cboe Plans Comeback in Crypto Markets
The US exchange is again planning to offer crypto derivatives, while after previous attempts to gain regulatory approval to list crypto ETFs were thwarted.
UBS Cuts Outsourced Tech Jobs
The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.
Lawyer: Don’t Punish the Programmers
Smart contract developers should not be responsible for violations of regulation perpetrated on the blockchain, says Katten special counsel.