Latest FMSB Paper Looks at Execution Quality in FICC Markets

The FICC Markets Standards Board (FMSB) has released a fourth, and what it says is its last spotlight review, this one studying the challenges in measuring execution quality and how different participants assess it. FMSB acknowledges the increased focus on best execution and transaction cost analysis (TCA) by market participants and regulators and says that […]
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ECB Chief Economist Hints at Further Eurozone Stimulus

The European Central Bank (ECB) may be forced to enact further extraordinary measures to lift inflation toward its target following the shock of the coronavirus, according to the ECB’s chief economist, Philip Lane, Thursday. “For the ECB to deliver on its mandate [the Bank may resort] to additional monetary stimulus,” Lane told the Kansas City […]
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IASB Issues Amendments to IFRS Standards

The International Accounting Standards Board (IASB) has finalised its response to the ongoing reform of interbank offered rates (IBOR) and other interest rate benchmarks by issuing a package of amendments to IFRS Standards. The amendments are aimed at helping companies to provide investors with useful information about the effects of the reform on those companies’ […]
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FIA Voices Support for CFTC’s Electronic Trading Proposal

FIA and FIA PTG today submitted comments supporting the Commodity Futures Trading Commission’s (CFTC) Electronic Trading Risk Principles rule proposal. FIA says the CFTC proposal “reflects a carefully reasoned principles-based approach that builds on the industry’s efforts over the years to mitigate the risks of electronic trading”. In its statement, FIA strongly encourages the agency to prioritise […]
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CFTC Fines Oanda

The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against retail FX broker Oanda Corporation for violating certain capital, reporting, and supervision rules and invoked a fine of $500,000. The order finds that, in or around October 2018 and during the period April 2019 to August 2019, Oanda failed at […]
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CFTC Clobbers Bank of Nova Scotia with $127 Million Spoofing Fine

The US Commodity Futures Trading Commission has issued three Orders filing and settling charges against Bank of Nova Scotia for spoofing in precious metals futures, making false statements to US regulators and  for compliance and oversight failures. The bank has been fined a total of $127.4 million. The first two orders require Scotia to pay […]
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SteelEye Unveils Auto-Trade Reconstruction Solution

Compliance and data analytics firm SteelEye has released Auto-Trade Reconstruction, a solution that reduces the time it takes for a firm to reconstruct a trade from days to seconds. Under MiFID II, MAR, Dodd-Frank and other global regulations, authorised firms can be asked by the regulator at any point to reproduce the records that relate to […]
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Gemini Selects Eventus for Surveillance

Cryptocurrency exchange and custody provider Gemini Trust, has selected Eventus Systems’ Validus platform for the exchange’s new trade surveillance solution. The signing marks the sixth exchange in the digital asset space to turn to Eventus for trade surveillance. Gemini has adopted the cloud-based version of Validus on a T+1 basis for market surveillance that identifies […]
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Cappitech Adds Singapore to Trade Reporting Solution

Cappitech says it has extended the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC). Investment firms and Significant Derivative Holders falling under scope of the MAS’ regulation can leverage Cappitech’s transaction reporting technology to automatically transform their data and […]
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SteelEye, Margin Reform, Partner

Compliance and data analytics firm SteelEye has announced a partnership with consultancy firm Margin Reform to support the latter’s clients with compliance and regulatory reporting solutions, through the provision of SteelEye’s RegTech suite to help them address the challenges of the evolving regulatory landscape. SteelEye’s reporting suite captures, cleanses, validates, and enriches client data in real-time and automates large parts of […]
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