Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.
Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.
US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.
DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.
Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.
Welcome to Finextra's live blog from Swift's Standards Forum event at Level 39 in Canary Wharf, UK. Brought to you by The Swift Institute, the Forum and the London School of Economics (LSE) and Political Science the conference is entitled 'The Future of Financial Standards'.
US exchange operator Nasdaq is rethinking its FinqCloud venture with e-commerce giant Amazon after the business failed to gain sufficient traction with potential customers, according to the Financial Times.
Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.
Technology innovation in equity markets has changed direction as the race-to-zero latency and the pursuit of high-frequency trading cools, says capital markets consultancy GreySpark partners
Thomson Reuters has established a new subsidiary to handle its involvement in calculating financial benchmarks, which are set to operate under tougher regulations in the wake of widescale abuses by bank data suppliers.
Capital markets STP veteran and former chairman and CEO of BondDesk, Howard Edelstein has joined Algomi as a 'strategic advisor' and taken an equity stake in the two-year old fixed income liquidity discovery start-up.
Nearly two thirds of European and North American banking and capital markets firms expect to significantly increase their spending on compliance risk management over the next couple of years, according to research from Accenture.
Deutsche Börse has earmarked an additional EUR30 million in spending to spur plans for new growth initiatives over the coming year, including the creation of a central counterparty clearing house in Singapore.
With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.
Marianne Brown, president and CEO of post-trade processing house Omgeo, has been appointed as chief operating officer of SunGard's financial systems business.
Swiss bank UBS is to outsource large parts of its fixed income technology infrastructure to Murex and ION, according to Reuters.
Switzerland-based KYC Exchange has launched a Web-based communication platform for Know Your Customer (KYC) and Customer Due Diligence (CDD) data sharing for the international banking community
Five years after the financial crisis, progress on timely and accurate counterparty risk measures has been largely unsatisfactory, reports the Financial Stability Board.
A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.
Finextra is inviting start-up companies in London to participate in the first of a series of breakfast roundtables ahead of the forthcoming Future Money conference, run in association with fintech accelerator space Level39.
US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.
© Finextra Research 2014