Securities and Exchange Commission (SEC)
IEX Makes Expansion Bid as New Limit Order is Approved
The Investors Exchange is now looking to propose a second new order type for NBBO non-mid liquidity.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Covid Could Cause US Regulators to Rethink Surveillance
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
Waters Wrap: The NEX Brand Slowly Disappears (Plus Market Data Fights & AI Integrations)
Anthony looks at what's become of NEX since the CME acquisition, as well as discussions over odd lot reform and S&P's Kensho implementation.
Exchanges, SEC At Odds Over Odd Lots
Industry insiders warn that the regulator’s attempts to modernize equities data by redefining trading lots will fall short of the mark if odd lot orders remain unprotected.
Waters Wrap: The Problem with Big Ideas (and Some Ramblings on Virtual Desktops & Tech's Blurred Lines)
Isda's CDM leaves banks questioning the way forward; the rise of virtual-desktop infrastructures; generic business intelligence tools become more popular.
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As June Deadline Looms, Broker-Dealers Begin Reporting to the CAT
As CAT reporting activity picks up, error rates have somewhat surprisingly been well below what was expected in the testing and production environments.
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Stevens Institute, Capco Lay Out Commercialization Efforts for New Artificial Exchange
The platform will initially target the HFT crowd, as well those looking to better understand market microstructure in equities.
This Week: MEMX, Sifma, Bloomberg, State Street, Digiterre, Infosys
A summary of some of the past week’s financial technology news.
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.
Start-up Fund Manager Hunts for ‘Joy’ During Pandemic
Infusive Asset Management is blending traditional and alternative datasets to find companies and services that bring “joy” to consumers.
This Week: MEMX, Bloomberg, Finos, BNY Mellon, IHS Markit & More
Highlights from the past week's financial technology news.
SEC, Exchanges Clash Over Revised Consolidated Tape Plans
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
Amid Public Market Volatility, Emerging Technologies Boost Investor Confidence in Private Markets
As the private markets grow, so does investor appetite for them, particularly as public markets hurt. Emerging technologies are helping.
This Week: ICE, Nasdaq/R3, BMLL/OpenFin, DASH
A summary of some of the past week’s financial technology news.
SEC Issues Another CAT Reprieve as Monday’s Milestone Passes Quietly
While the CAT is now live, few—if any—are reporting. Additionally, there are still concerns among large broker-dealers about the CAT Reporter Agreement.
This Week: SEC, SS&C, TRG Screen, Refinitiv, Rimes
A summary of some of the past week’s financial technology news.
Industry Given CAT Relief Due to Coronavirus [UPDATE]
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
CAT Seeks Approval to Mask Personal Data
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.
ICE Looks to Bolster ESG Service as Investors Grapple with Lack of Standards
ICE Data Services says investors can access its reference data subscription later this year to build out their ESG strategies.
SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
People Moves: LSEG, West Highland, SEC, Fitch, Dash & More
A look at some the key "people moves" from last week, including Steve Bonanno (pictured), who joins Dash.