The substantial upgrade to the bank’s existing STP automation via Inforalgo will allocate around 300 trades a day on Bloomberg in real time, across 2 leading trading platforms. Simultaneous automated allocation processing will save traders from logging onto Bloomberg to perform this manually, tying up time & resources and increasing the risk of error. Inforalgo,...Continue Reading
With phase-one compliance due by April 2020, testing due to begin this December, and most specifications now confirmed, broker-dealers and trading firms have no time to lose. Harshad Pitkar, an independent CAT expert, believes smaller trading firms could address 95 per cent of data requirements within 8 weeks with the right help A leading independent expert...Continue Reading
For investment banks, a consolidated cloud-based trade data management service could prove the key not only to much greater cost-efficiency and lower risk in delivering regulatory compliance, but also to unlocking actionable business intelligence about performance gaps and missed market opportunities. Mike Bagguley, former COO of Barclays International and now a board advisor to Inforalgo,...Continue Reading
In March this year, US stock markets announced that the Financial Industry Regulatory Authority (FINRA) would take over as the orchestrator for the consolidated audit trail (CAT), a massive database for all equity and options trades executed on their platforms. After a history of false starts, this latest development meant that firms’ plans could now...Continue Reading
Earlier this year, the Financial Industry Regulatory Authority (FINRA) was confirmed as the new orchestrator of the consolidated audit trail (CAT) – a huge database that will house accurate, up-to-date records of all US equity and options trades. With that settled, followed an extended period of uncertainty around what are likely to be the new...Continue Reading
For investment banks, a consolidated cloud-based trade data management service could prove the key not only to much greater cost-efficiency and lower risk in delivering regulatory compliance, but also to unlocking actionable business intelligence about performance gaps and missed market opportunities. Mike Bagguley, former COO of Barclays International and now a board advisor to Inforalgo,...Continue Reading
Harshad Pitkar, who runs a regulatory reporting & risk compliance consultancy in New York, and Alastair Brown, whose prior roles include CEO of Lombard Risk & CIO of RBS International Banking, join Mike Bagguley, formerly COO at Barclays International, as Board Advisors Inforalgo, the Capital Markets data automation specialist, has announced two additional high-profile appointments...Continue Reading
The prestigious appointment to the senior management team will further enhance Inforalgo’s ability to capitalise on growing momentum around its smart data solutions for Capital Markets. Inforalgo, the Capital Markets data automation specialist, has announced that Mike Bagguley, formerly COO at Barclays International and a respected financial investment industry leader, has invested in the firm...Continue Reading
FINRA is issuing this Notice to remind firms they must register with FINRA CAT, LLC (FINRA CAT) for reporting to the Consolidated Audit Trail (CAT). CAT registration commenced on March 18, 2019, and will run through June 27, 2019. All Industry Members, as defined under the CAT NMS Plan, that will have a CAT reporting...Continue Reading
At FINRA’s annual conference, execs discussed which rules are being reviewed and gave an update on exam consolidation. There’s “still a lot more to come” in the Financial Industry Regulatory Authority’s top-to-bottom review via its FINRA360 initiative, Robert Cook, the broker-dealer self-regulator’s CEO, said Wednesday. “It’s doing great; we’ve got a lot of accomplishments under...Continue Reading
