Financial firms are quickly being armed with the necessary technical tools for how they can receive identification codes for over-the-counter derivatives in time to meet new regulatory requirements. They don’t have much time to spare. The Association of National Numbering Agencies (ANNA) wants prompt feedback on its proposals for the nitty-gritty data content, operational and […]
Seeking a Few Good Men (Women) for ISIN Governance Role
Do you work for a fund manager, bank, broker dealer or altenative trading platform and have extensive product knowledge of interest rate, foreign exchange, credit and commodity derivatives, understand reference data, data management, architecture and implementation of data standards? If the answer is yes to all or most of the criteria, you could end up […]
ANNA FIXes Tech Specs for OTC ISIN Allocation
If operations and IT managers of the biggest trading firms and trading platforms have been wondering exactly how they’ll get their hands on International Securities Identification Numbers (ISINs) for over-the-counter derivatives when they need them for transaction reporting under Europe’s Markets in Financial Instruments Directive (MiFID), they found part of the answer last week. […]
OTC Derivatives Players: The ISIN Engine Emerges (Updated)
Editor’s Note: On September 20, ANNA announced that the automated allocation engine for international securities identification numbers for OTC derivatives would also support the derivatives product taxonomy created by the FIX Trading Community as well as other open-standard product taxonomies. The mapping of the FIX taxonomy with the ISO taxonomy is set to be completed […]
Blockchain for US Settlement: Three, Two, One, Takeoff? (Update)
(Editor’s Note: On Sept 14 itBit announced that its flagship Bankchain and other post-trade projects would be run out of a new firm Paxos with the same management. The former itBit, would be a division of Paxos, and continue to operate its crypto-currency trading platform). If US blockchain afficionados have their way, the technology […]
Northern Trust Minds the Corporate Actions Gap
A successful investment strategy is about more than just buying and selling the right stocks at the right price at the right time. It also depends on picking the best option when it comes to voluntary corporate actions or being able to recognize a bad decision after the fact. Northern Trust is helping its asset […]
Blockchain: DTCC Takes the Plunge with Repo Project
The decision of the Depository Trust & Clearing Corporation (DTCC) to try out distributed ledger technology for processing repurchase agreements has drawn plenty of attention from Wall Street and blockchain enthusiasts. It also has participants in the repo business at the edge of their seats, watching to see how their bottom lines could be affected. The DTCC’s announcement […]
FINRA to Robo-Advisors: Human Touch is Critical
Why pay high advisory fees to talk to a wealth manager when a high-tech algorithmic system can provide advice for a fraction of the cost? That’s the argument given by broker-dealers and investment advisors when convincing investors of the merits of robo-advice platforms. However, the Financial Industry Regulatory Authority (FINRA) apparently thinks that far more […]
Euroclear Claims First Matching Service for Payments
News of the successful launch of pan-European settlement platform Target2 Securities might be barely cold, but Euroclear, owner of the world’s largest international securities depository and several European depositories, is already taking as stab at creating new revenue streams. Based on technology developed in conjunction with London’s Merit Software, Euroclear has just launched a central matching […]
DTCC Embraces ISO 20022 for Corporate Action Elections
Depository Trust & Clearing Corporation’s corporate actions transformation project could well become a gamechanger for the US market by including the use of ISO 20022-compliant messages for elections, as well as notifications on corporate events. Beyond the obvious reduction of operational risk in the stickiest aspect of corporate actions processing, the expanded use of ISO […]