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Market Data

CanDeal Partners with six Canadian Banks to Create Market Data Hub

The six largest Canadian banks have partnered with CanDeal to create the country’s first comprehensive fixed income and derivatives market data hub. The Data-as-a-Service (DaaS) business, DataVault Innovations, intends to produce best in class pricing and analytics data to address the growing data needs of participants and regulators.

While presently ingesting data from each of the six banks, DataVault Innovations is actively seeking an inclusive strategy to engage all other marketplace data contributors.

‘Exchanges owe us answers’ says IEX as it discloses market data and connectivity costs

Investors Exchange (IEX) has publicly disclosed its costs of producing market data and connectivity, suggesting that incumbent exchanges could be marking up charges for such services by as much as 4,000%.

Tradeweb expands Refinitiv data redistribution agreement

Vela Completes Rollout of Latest Version of Market Data Ticker Plant

Client, market, and technology driven changes delivered in single, high-performance, flexible and unified API

Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, announced the successful rollout of the latest version of SMDS, its flagship ticker plant software, to all clients globally. This marks a significant milestone in Vela’s 2018 roadmap, delivering a number of key client-driven enhancements across the full Vela Stack.

A DLT-based approach for more efficient regulatory reporting

Following a successful seventh reporting and reference data special interest group (RRDS 7) at the Financial Conduct Authority (FCA) on 13 February 2018, participants met for the usual post-RRDS drinks and networking session. At one point during the evening, we found ourselves mediating a friendly debate between two senior compliance officers on the post-trade reporting

European Commission to fix broken reporting framework – starting in 2018

Two years after its Call for Evidence determining whether EU regulation is fit for purpose, the European Commission (EC) has found that automation and standardisation should ultimately pave the way towards reducing the regulatory burden for the industry – improving law making in the EU. This means that reporting experts and RegTech providers of all

Getting new MiFID II reports wrong could cost millions

Let’s face it, getting data right is never easy and, with MiFID II’s drive for transparency kicking into high gear, the risks of getting reporting wrong are greater than ever. With additional reporting regime change coming next year, why not make your life easier and join in the industry RegTech collaborations in this space? Recognise the risks Trade and transaction reporting fines come with

Limiting costs and charges disclosure under MiFID II and PRIIPs: issues and misinterpretation

On 13 September 2017, JWG held their third Client Management Special Interest Group (CMS), with attendees from over a dozen buy-side, sell-side and technology firms meeting to discuss existing issues on cost and charges disclosure under MiFID II and PRIIPs obligations.  The meeting was a productive one, whereby participants expressed concerns on the following areas:

Disentangling transaction cost disclosure: a MiFID II and PRIIPs obligation

A granular understanding of the several types of costs and charges is important for all market participants.  These can have a substantial effect on investors’ returns (see graph below) and, if disclosed effectively, should facilitate market efficiency.  With this in mind, regulators have gone to considerable lengths to implement all the necessary requirements related to the disclosure of all costs and charges

Refocusing regulatory reporting: a shift in global sentiment

The implementation of trade and transaction reporting was intended to improve transparency in the derivatives markets and mitigate systemic risk.  To achieve this, global leaders have committed to implement standards globally and consistently in a way that ensures a level playing field, and avoids market fragmentation and regulatory arbitrage.  Whilst progress has been made on

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