News/Blog

Inforalgo, the Capital Markets data automation specialist, has announced two additional high-profile appointments to its board of advisors.

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...
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Mike Bagguley, Former Barclays International COO & Financial Trading Industry Leader, Backs Inforalgo with Investment & Board Role

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...
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FINRA Reminds Firms to Register for CAT Reporting by June 27, 2019

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...
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FINRA Pushing Ahead on CAT, Rule Review: CEO Cook

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...
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Finra rogue broker rule would affect 61 firms

Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards As part of its crackdown on rogue brokers, the Financial Industry Regulatory Authority Inc. has identified 61 firms that would face restrictions under a newly proposed Finra rule. Finra currently has a little more...
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Finding a FIX for electronic FINRA TRACE reporting as the CTCI cut-off looms

The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be supported. If you handle your own submissions, you’ll need to...
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Transforming transaction data management: 3 considerations for financial institutions as global trade reporting requirements intensify

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...
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Regulators assure industry CAT will not expose consumer data

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...
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Stock exchanges choose FINRA to build CAT database, replacing Thesys

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,...
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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
Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards As part of its crackdown on rogue brokers, the Financial Industry Regulatory Authority Inc. has identified 61 firms that would face restrictions under a newly proposed Finra rule. Finra currently has a little more...
Continue Reading
The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be supported. If you handle your own submissions, you’ll need to...
Continue Reading
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