FinOps

News of financial ops, regs and tech

  • Home
  • Ops
  • Tech
  • Regs
  • Contact
  • The FinOps story
  • Subscribe
  • Log In

Cryptomarket Rejects New Certification for Trading, Ops Execs

July 24, 2021 By Chris Kentouris Leave a Comment

Should Wall Street executives trading and processing digital securities transactions be legally required to pass licensing or mandatory in-house training programs? The answer to the question raised in a comment letter sent to the US Securities and Exchange Commission in April concerning its December 2020 framework for the custody of digital securities appears to be […]

Filed Under: Compliance, Data, Innovation, Regulations, Standards, Trading Tagged With: Blockchain, Brokerage Ops, Compliance, Crypto, Fund Ops, Hedge Funds, Regulators, SEC

Market Data Madness 2021: CME’s New Data Fees

December 17, 2020 By Chris Kentouris Leave a Comment

The CME Group’s decision to require redistributors to soon pay a first-time ever annual fee for its historical commodities data has pitted a group of vendors against the world’s largest derivatives exchange calling the action illegal and anti-competitive. Effective January 1, 2021, says the CME Group, redistributors of its historical commodities data will have to […]

Filed Under: Analytics, Data, Trading Tagged With: CFTC, Data, Fund Ops, Investment Ops, Investors, Regulations, Regulators, SEC, Standards

CAT: FINRA’s Exams, Deadlines Won’t Be a Virtual Breeze

September 12, 2020 By Chris Kentouris Leave a Comment

Trade compliance, regulatory operations, and technology managers at US broker-dealers will need to quickly cross their Ts and dot their I’s when it comes to documentation, data, and IT if they want to pass muster with the Financial Industry Regulatory Authority’s examiners for reporting to the new Consolidated Audit Trail (CAT) and survive one of […]

Filed Under: Compliance, Data, Regulations, Reporting, Trading Tagged With: Brokerage Ops, Compliance, FINRA, Regulators, Reporting

Federal Court Tells Interactive Brokers to Comply With FINRA Panel’s $1M Ruling: Right or Wrong

August 24, 2020 By Chris Kentouris Leave a Comment

A US federal appeals court has just sent brokerages and their customers a somber message — a ruling by the Financial Industry Regulatory Authority’s arbitration panel is absolute regardless of its validity. The Fourth Circuit Court of Appeals in a 2-1 decision earlier this month ended a five-year dispute between Interactive Brokers and three former […]

Filed Under: Compliance, Regulations, Rules, Trading Tagged With: Brokerage Ops, Compliance, FINRA

Etrading Software; Bloomberg-Kaiko Vie for Crypto ID Authority

July 31, 2020 By Chris Kentouris Leave a Comment

If equities, bonds, and OTC derivatives have identification codes why shouldn’t digital assets? That’s the premise Etrading Software and the team of Bloomberg and Kaiko are betting on by recently throwing their hats in the ring to provide ID codes as the new registration authority for digital token identifiers (DTIs) expected to go live sometime […]

Filed Under: Compliance, Data, Innovation, Investors, Standards, Trading Tagged With: Crypto, Crypto. Blockchain, Data, Fund Ops, Post Trade, Reporting, SEC, Standards

Prime Brokerage Enters Crypto Market, Sort Of

July 24, 2020 By Chris Kentouris Leave a Comment

First it was digital asset custodians. Now it is aspiring prime brokers who are grabbing the spotlight in the evolution of the cryptoasset market as it tries to become an institutional investor-friendly industry, but with regulations still so murky cryptoasset prime brokers can only be pale reflections of their traditional prime brokerage peers. Although institutional […]

Filed Under: Compliance, Innovation, Rules, Trading Tagged With: Blockchain, Brokerage Ops, Compliance, Crypto

IRS Tells Cryptoinvestors: Find Your Data, a Calculator, and Good Lawyer

August 14, 2019 By Chris Kentouris Leave a Comment

If you are a cryptocurrency investor, you can forget about enjoying your summer vacation, thanks to the US Internal Revenue Service. By the end of August, you could be one of the 10,000 investors to have received a letter from the US tax agency that you owe taxes on your cryptocurrency investments. You will need […]

Filed Under: Compliance, Investors, Tax, Trading Tagged With: bitcoin, Compliance, Tax

Unique Product IDs: Next Challenge for Swaps Reporting

May 28, 2019 By Chris Kentouris Leave a Comment

Data operations, trade desk and regulatory reporting managers may soon have gear up for new administrative tasks — and potentially extra fees– when reporting their over-the-counter derivatives transactions to trade repositories using unique product identifiers. The UPIs mark the latest in an array of codes financial firms and trading platforms must use to describe the […]

Filed Under: Compliance, Data, Derivatives, Post-Trade, Reporting, Trading Tagged With: Data, Derivatives, MiFID, Regulators, Swaps

NY Court: Goldman’s Morse Can Sue Fidessa for Wrongful Termination

September 21, 2018 By Chris Kentouris Leave a Comment

A New York appeals court has just sent a stern warning to Wall Street, fintech and other firms: you can’t fire any of your employees simply because of who they married to or are even romantically involved with. The Appellate Division of New York’s First Department ruled that Christopher Morse, now vice president of electronic […]

Filed Under: Compliance, Financials, Risk, Trading Tagged With: Compliance, Trading

Cryptocurrency: Next Frontier for Cost-Basis Reporting

April 27, 2018 By Chris Kentouris 2 Comments

US personal tax day, April 17, was either the beginning of a lot of heartache or overdue operational relief for investors in cryptocurrency. Investors who haven’t paid the right amount of taxes for profits earned during the cryptocurrency boom could face fines and audits from the Internal Revenue Service. Alternatively, they could also benefit from […]

Filed Under: Compliance, Investors, Slider, Tax, Trading Tagged With: bitcoin, Brokerage Ops, Compliance, Corporate Actions, Investment Ops, Tax

Next Page »

The FinOps story

Dear Readers,

If you are a new visitor to FinOps Report, welcome to our newsite. Beyond what you see on the home page, check out our archives for articles that thousands of readers have found useful. To our loyal readers, thanks for staying with us. We write FinOps for you.

Our goal remains constant – news you can put to work. We analyze how regulations, operations, and financial technology intersect, and we bring you expert advice to reduce your operational and regulatory risks. We don’t waste your time with the same old stories you find elsewhere. We offer you practical value that you don’t find anywhere else.

If even one FinOps article has helped you, please return the favor by subscribing. Your subscriptions fund us in providing the broadest and most detailed coverage of important topics for middle and back-office operations, compliance and fintech specialists. A subscription is $60 a year, or $15 a quarter. Click the “Subscribe” tab on any page to sign up.

Meanwhile, please stay in touch. Enroll for news alerts, if you haven’t already. And use the “Contact” page to connect directly with me. We want your story ideas and feedback, and we love hearing from you.

Chris Kentouris
Editor

Read More…

Sign Up for FinOps Alerts!

Archives

News Topics

AIFMD AML Blockchain Brokerage Ops CFTC Clearinghouses Collateral Compliance Corporate Actions Crypto Custodians Data Depositories Derivatives Dodd-Frank DTCC EMIR ESMA FATCA FINRA Fund Ops Hedge Funds Innovation Investment Ops Investors KYC Matching Middle Office Ops MiFID Ops Risk Outsourcing Post Trade Private Equity Reconciliation Regulations Regulators Reporting SEC Security Settlement Standards Swaps T+2 Tax Valuation

[footer_backtotop]

Copyright © 2023 FinOps · Privacy Policy