business Archives - Page 5 of 11 - The Industry Spread

The Rise of Conditional Orders Post-MiFID II

June 3, 2019

The International Equity Trading benchmark research study for 2019, conducted by TABB Group, found that 79 percent of firms are using conditional orders to source liquidity for their clients. The trend is expected to accelerate further as more than 30 percent of these traders plan to increase usage in 2020.

Wesley R. Bricker, Chief Accountant, to Leave SEC

June 2, 2019

The Securities and Exchange Commission today announced that Wesley R. Bricker, Chief Accountant, plans to leave the agency after more than six years of distinguished service. Mr. Bricker was named as the SEC’s Chief Accountant in 2016, after serving as the deputy chief accountant.  Earlier, he served as a professional accounting fellow.

Morningstar to Acquire Fourth-Largest Credit Ratings Agency For $669m

June 1, 2019

By combining the world’s fourth-largest ratings agency with Morningstar Credit Ratings’ U.S. business, the company will be able to expand global asset class coverage and provide an enhanced platform for providing investors with leading fixed-income analysis and research.

Erin Schneider Named Director of San Francisco Office

June 1, 2019

The Securities and Exchange Commission today announced that Erin Schneider has been named Director of the San Francisco Regional Office.

Ms. Schneider joined the SEC staff in 2005 as a staff attorney in the San Francisco office.  She was promoted to Assistant Regional Director of the Enforcement Division’s Asset Management Unit in 2012 and then to Associate Regional Director of the San Francisco office in 2015.

BrokerTec to Launch Dealer-to-Client Request for Quote Solution for Repo Market

May 30, 2019

BrokerTec, a subsidiary of CME Group, will soon be launched a new dealer-to-client Request for Quote (RFQ) trading solution for the European Repo market, going by the name of BrokerTec Quote, subject to regulatory approval. Clients will also gain access to BrokerTec Analytics, which provides insight into individual trade performance and historical data.

Establishment of Cyber Security Competence Centre One Step Further

May 22, 2019

Bern, 15.05.2019 – During its meeting on 15 May 2019, the Federal Council adopted the implementation plan for the 2018–2022 national strategy for the protection of Switzerland against cyber risks (NCS) and thereby made further decisions on the establishment of the Cyber Security Competence Centre. At the same time, the Federal Council decided to strengthen human resources in the area of cyber risks with an extra 24 posts.

FINRA Launches Initiative to Simplify Firms’ Digital Experience with FINRA, Facilitating More Efficient and Effective Compliance Programs

May 20, 2019

FINRA announced today that it is launching an initiative to transform the digital platform that firms use to engage with FINRA across several programs. The Digital Experience Transformation, as it is being called, is a wide-ranging, multi-year effort to integrate and simplify brokerage firms’ digital interactions with FINRA, facilitating more efficient and effective compliance programs. The initiative is the latest outgrowth of the ongoing FINRA360 organizational improvement initiative.

FCA Changes Mortgage Advice Rules to Encourage Consumer Choice

May 11, 2019

The Financial Conduct Authority (FCA) has today published proposals for changes to its mortgage advice rules which will help to give consumers more choice in how they buy a mortgage.The proposals are one part of a package of remedies from the Mortgages Market Study, published earlier this year, which aims to encourage innovation and make it easier for customers to find the right mortgage.