Enhancing the process

As COVID-19 has unearthed some of the inefficiencies and problems in the financial services space, industry experts discuss the current challenges in clearing and settlement and how these processes can be enhanced The global pandemic has shaken up many industries and has caused market volatility in the financial services space. In particular, this has shone a light on the inefficiencies...

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FMSB Review Highlights Data Risks in Wholesale FICC Markets

ByEditors, Regulation Asia Published on 12th May 2020 The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value. Industry initiatives such as the FIX Protocol and the introduction of LEIs show that standardised approaches to data governance can be effective in controlling the risks...

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Boosting the Resilience of Post-Trade with a Collaborative FIX

Early adopters of back office efficiency gain an edge, but the industry needs wholesale change through standardisation. When financial services shifted to remote workingwhile also dealing with increased market volumes in response to the global impact of Covid-19, it put the spotlight on operational efficiency and the need for increased automation and standards. Outdated, manual processes based on creaking infrastructure...

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Whatever consolidated tape you want, data standards are essential

The Regulators have wanted an industry led Consolidated Tape, but it hasn’t happened. Neena Dholani, Global Marketing Programme Director, FIX Trading Community explains why. Some of the reasons why Consolidated Tape providers have not emerged include the lack of financial incentive for running a consolidated tape, the overly complex and strict regulatory environment, competition among non-regulated entities such as data...

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TP Icap Debuts Next-Gen Feed to Support Data Expansion

The new feed will provide the framework to support new data types that the broker plans to make available later this year. London-based inter-dealer broker TP Icap has unveiled a new FIX protocol-based datafeed, dubbed Surfix, which will serve as the broker’s flagship delivery mechanism for all of its existing real-time data products, as well as new data types that TP...

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Trading Venues Aim to Unlock Value of Green Bonds

In 2007, a historic document landed on the desks of leaders around the globe. The Intergovernmental Panel on Climate Change, assembled by the United Nations Environment Programme and the World Meteorological Organization, had published a report providing scientific data showing that it was “very likely” that human action was directly linked to climate change. The impact of industrialization on the...

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FIX aims to Reduce Pain Points in ESG Data

FIX Trading Community, the non-profit standards body, aims to make it easier for the financial industry to use environmental, social and governance data as asset managers could spend roughly $554m ($515m) for ESG data next year. Rebecca Healey, Liquidnet Rebecca Healey, global head of market structure & strategy at Liquidnet and co-chair of the FIX Trading Community’s EMEA regulatory subcommittee,...

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FIX to Publish New Equities Data Standard

FIX Trading Community, the non-profit standards body, aims to distribute new data flags for equities in the second quarter which could be integrated in a consolidated tape and create a golden source of European data. Graham Dick, FIX co-chair for consolidated tape working group and chief executive of Aquis Exchange Europe in Paris, told Markets Media that FIX set up...

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ESG: The Top 10 things traders need to know

ESG (Environmental, Social, and Governance) is rapidly becoming the key topic of 2019. News that the European Commission has now formally incorporated new legislation on sustainability disclosures1 will only speed up adoption of ESG factors within the investment process. Asset managers will not only be required to integrate and disclose sustainability risks within their portfolios but will also be required...

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Taking no Prisoners – the Cybersecurity Threat to Financial Services

Cybersecurity threats, not surprisingly, continue to be top of capital markets agenda but they are becoming increasingly difficult to thwart. They are not only growing in number but also in sophistication. Cutting edge technology is a critical part of the defence but both buy and sell-side firms must also bolster their organisational frameworks as well as educational training for employees....

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