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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

FINRA’s CAT: Customer Account Data Management Challenge

November 14, 2020 By Chris Kentouris Leave a Comment

Reporting correct customer data for the next phase of the requirements of the US Financial Industry Regulatory Authority’s Consolidated Audit Trail (CAT) system will end up being a time-consuming and costly exercise in data management for US broker-dealer regulatory reporting, trade compliance and IT managers. US broker-dealers are likely spending all their time addressing interfirm […]

Filed Under: Compliance, Regulations, Reporting Tagged With: Compliance. Brokerage Ops, FINRA, Regulations, Regulators, Reporting, SEC

Wells Fargo’s Comp Plan: Will SEC’s Ops Rules Hurt Investors?

November 2, 2020 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s plan for how investors in Wells Fargo’s stock will be compensated a total of US$500 million for the bank’s past wrongdoing could end up marred in operational snafus making it harder for some investors to be paid and disincentivizing others from filing the paperwork to collect any compensation. That’s […]

Filed Under: Compliance, FundOps, Funds, Rules Tagged With: Compliance, Data, Fund Ops, Outsourcing, Regulations, Regulators, SEC

Coronavirus: How CCOs Can Manage (Virtually)

April 3, 2020 By Chris Kentouris Leave a Comment

For chief compliance officers at financial firms, following the five Ps — prioritize, plan, protect, preserve, and paper– with the help of IT managers will become critical to ensure employees working remotely meet corporate and regulatory requirements. “Even the best designed business continuity plans likely didn’t take a global pandemic into account,” says Kristin Koloniaris, […]

Filed Under: Compliance, Data, Reporting, Rules Tagged With: Brokerage Ops, FINRA, Fund Ops, Regulations, Reporting, SEC

New Trade Execution Transparency Tests Data Exchange

March 18, 2020 By Chris Kentouris Leave a Comment

Complying with a new US regulatory requirement for brokers to give investors more information on trade routing decisions under the amended Rule 606 could come down in the short-term to technologists creating the right packaging as much as operations managers finding the right data. With less than a month left to prepare for the April […]

Filed Under: Compliance Data, Regulations, Rules Tagged With: Brokerage Ops, Compliance, Regulations, Reporting, SEC

Vote Confirmation: Devil in the Operations Details

March 3, 2020 By Chris Kentouris Leave a Comment

Determining whether a vote was actually counted at a corporate meeting has resurrected a sparring match among transfer agents, financial intermediaries, issuers and Broadridge Financial over how to operationally get the job done. Among the participants on a new end-to-end vote confirmation committee set up by the Securities and Exchange Commission to address the issue, […]

Filed Under: Compliance, Investors, Regulators, Rules Tagged With: Compliance, Investors, Regulations, SEC, Standards

Rule 606: SEC Redefines Discretionary Trades

August 29, 2019 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s decision to broadly define what makes a trade execution discretionary will force introducing and executing brokers to walk a thin tightrope when complying with its new Rule 606. They will have to make some tough choices on how much information the executing broker can release on a trade order […]

Filed Under: Compliance, Data, Regulations, Rules Tagged With: Brokerage Ops, Compliance, Regulations, Reporting, SEC

SEC’s New Rule 606: Execution Transparency At a Cost

March 21, 2019 By Chris Kentouris Leave a Comment

For brokerage trade operations, compliance and IT managers, giving fund managers a lot more details about where and how their trades were executed to fulfill the US Securities and Exchange Commission’s enhancements to Rule 606 could turn into a major operational headache. At issue is how much data broker-dealers have readily available, how much they […]

Filed Under: Compliance, Data, Regulations, Rules Tagged With: Brokerage Ops, Compliance, Regulations, Reporting, SEC

Europe’s SFTR: Coming to US Shores?

March 13, 2019 By Chris Kentouris Leave a Comment

  US securities finance operations and compliance managers had better brace themselves for a US version of Europe’s Securities Finance Transaction Regulation (SFTR), caution industry consultants and market practicioners. So far, US post-trade operations and compliance managers have been spared from dealing with a US equivalent to the onerous SFTR. However, they shouldn’t be lulled into a […]

Filed Under: Compliance, Data, Reporting, Sec Lending Tagged With: Compliance, ESMA, Fund Ops, Post Trade, Regulations

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