SEC report on algo trading highlights lack of joint oversight
US markets regulator the Securities and Exchange Commission (SEC) has published a report to the US Congress on algorithmic trading in US debt and...
SEC creates unit to tackle emerging risks
The Securities and Exchange Commission has created the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE)....
JWG: Cloud is “large systemic technology risk blind spot”
JWG, the regulatory think tank, has published a research paper ‘Risk control for a digitized financial sector’ which claims to identify a large systemic...
EC suspends best execution reporting which is “not read at all”
The European Commission (EC) has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy which includes increased leniency...
CMA: ION takeover of Broadway looks likely
The UK’s Competition and Market’s Authority (CMA) has reported there are “reasonable grounds for believing that the undertakings offered by ION, or a...
CUSIP requests indicate municipal borrowing to rise, corporate to fall
CUSIP Global Services (CGS) has found a significant surge in request volume for new municipal bond identifiers, and a significant decline in request for...
CSDR settlement regime ‘out’ as UK sets new path
The UK has halted compliance with the settlement regime of the European Central Securities Depository (CSDR) rules, which traders had fought hard against, due...
Wellington: Internal crossing could have saved US$10-15 million
The Securities and Exchange Commission (SEC) sub-committee the Fixed Income Market Structure Advisory Committee (FIMSAC), has unanimously passed a proposal to support internal crossing...
ESMA relaxes best ex reporting
The European Securities and Markets Authority (ESMA) has pushed back reporting of best execution by execution venues and trading firms, which are regulatory requirements...
Market data costs in spotlight under new FCA review
The UK’s Financial Conduct Authority (FCA) has issued a call for input (CFI) to better understand how data and advanced analytics are being accessed...
