Search Results

A major new study by independent financial regulatory think-tank JWG, in partnership with Inforalgo, confirms a growing appetite for a more repeatable approach to regulatory reporting, as financial institutions struggle to cope with soaring international trading transparency requirements. Inforalgo’s CEO, Jordan Ambrose reports. Trying to collate everything manually, when detail exists in different formats across...
Continue Reading
Recent remarks by Securities and Exchange Commission chairman Jay Clayton regarding a market-surveillance system in the works seem to be allaying financial industry fears that it will collect investors’ personal information. Last week, Mr. Clayton told a Securities Industry and Financial Markets Association conference the agency is working on a unique customer identification for the...
Continue Reading
U.S. stock exchanges have selected the Financial Industry Regulatory Authority as plan processor for the consolidated audit trail, a massive database for all equity and options trades executed on their platforms. CAT NMS, which was formed by the U.S. exchanges to establish a plan to implement the audit trail, announced the selection Wednesday. In February,...
Continue Reading
If the SEC approves, TRACE will become a centralized source of comprehensive and timely information about new issues. The Financial Industry Regulatory Authority filed Thursday with the Securities and Exchange Commission a proposal to expand its collection and dissemination of new-issue reference data for corporate bonds. The proposal calls for FINRA’s Trade Reporting and Compliance Engine, or TRACE, to...
Continue Reading
The eye-watering penalty, incurred through failings with 136 million transaction reports over a 10-year period, are a sobering call to investment banks to bring data management and reporting under tighter control The news that the Financial Conduct Authority (FCA) has fined UBS AG an eye-watering £27.6m for transaction report failings over a 10-year-period will be...
Continue Reading
Inforalgo’s Regulatory Reporting Hub, a cloud-based data automation platform, will give compliance teams smart, low-touch control over reporting under FINRA Rule 6730 – Transaction Reporting Inforalgo, the Capital Markets data automation specialist, has today announced that Jefferies LLC will use its cloud-based Regulatory Reporting Hub and intelligent data automation platform for FINRA TRACE reporting. The...
Continue Reading
US brokerage operations managers are quickly turning their attention to how they will meet the cumbersome requirements for data linkages now that the Financial Industry Regulatory Authority (FINRA) has been stepped in at the eleventh hour to operate the new consolidated audit trail (CAT). The initial phase-in of CAT — 2a and 2b– starting in...
Continue Reading
CAT NMS, LLC (CAT NMS) today (27/02/19) announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has been selected as Plan Processor for the Consolidated Audit Trail (CAT), following a vote by the Operating Committee (FINRA recused itself from the voting process). As Plan Processor, FINRA is responsible for all aspects of the continued build...
Continue Reading
1 2 3 5