Tag: Compliance

Compliance

The Times, They Are A-Changin’

‘Back to normal’ – three simple words, and a world of meaning. For those in the UK, Monday, 23rd March 2020 marked the point at which everyone’s life changed. Lockdown has had, amongst many other effects, a profound impact on how and where we work and the very nature of the job we do. The […]

Tora, Imagine Software, Partner for Buy Side Trading Solution

Order and execution management systems (OEMS) provider Tora has partnered with risk and compliance platform provider Imagine Software, to create a front-to-back trading solution for hedge funds and asset managers. Tora’s OEMS includes functions for portfolio rebalancing, pre-trade and post-trade TCA to improve execution quality combined with post-trade allocations and commission management tools. The integrated […]

Refinitiv Expands FX Post-Trade, Compliance Services

Refinitiv has launched Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data from more than 50 sources, which is designed to help compliance teams reconstruct, oversee and efficiently analyse activity. The archive and supervision system is the latest initiative in the 13-year strategic technology collaboration between Refinitiv Messenger Compliance and […]

In the FICC of It

As liquidity has clearly deteriorated in FX markets over the past two weeks, this week’s podcast is faced with a series of questions regarding participant behaviour, and joining Colin Lambert to discuss these issues is John Crouch, founder and CEO of Ideal Prediction. Using the imagination for which he is famous* Lambert kicks things off […]

Firms Claim Industry First for Surveillance

Regtech firm Rimes and communication compliance solution provider Soteria say they have completed the first stage of their product integration project, thus providing integrated trade and communication monitoring to provide financial firms with comprehensive surveillance capabilities. The firms say that adhering to growing regulations and evolving regulatory surveillance capabilities is technically complex and both data- […]

Federal Reserve Terminates BofA FX Action

The US Federal Reserve has announced it is terminating its 2015 enforcement action against Bank of America for unsound practices in its FX business that led to the bank paying a $205 million fine. The termination, which took place on November 22 but was only announced December 3, ends a saga that started following a […]

CFTC Hits BGC Financial

The US Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against BGC Financial a futures industry voice broker and registered futures commission merchant (FCM), for numerous supervision, reporting, and recordkeeping violations spanning over five years. The order requires BGC to pay a $3 million civil monetary penalty and to comply […]

In the FICC of it

Although there was plenty of news for Profit & Loss’ managing editor, Colin Lambert, and editor, Galen Stops, to get their teeth stuck into this week, the duo focused on just three main stories. First of all, they discuss the news that former HSBC head of cash FX trading, Mark Johnson, has lost his appeal […]

TP Icap Hires Zaidi to Head Compliance

Inter-dealer broker TP Icap has appointed Amir Zaidi as global head of compliance, based in New York. He joins from the US Commodity Futures Trading Commission (CFTC), where he has served in a variety of roles for nine years, most recently as director of its Division of Market Oversight. In that role, he led a […]

FlexTrade Partners with ACA

FlexTrade says it has partnered with ACA Technology Solutions to help mutual clients manage their trade surveillance and compliance needs using ACA’s Decryptex surveillance technology and FlexNow. “FlexNow and Decryptex are stand-out products supported by highly-responsive and knowledgeable teams, says  Shoshana Wainer, head of compliance at Albar Capital. “Integrating Decryptex with FlexNow allows us to […]