transparency Archives - The Industry Spread

Euronext’s Commcise Launches Investment Research Platform

June 11, 2019

Commcise has launched its cloud-based investment research platform COMMCISECS to support client strategy teams within the research provider community, who can now use the solution to review, price and publish research event interactions and analyze asset manager clients’ profitability using its flexible pricing and costing engine.

Spotex Hires & Appoints Kevin Gillespie as Director of Sales for European Expansion

June 8, 2019

US based Forex trading technology provider Spotex which focused primarily on ECN operation and communication network has now announced that it has hired Kevin Gillespie to spear head its expansion activities in Europe. The firm is known for its products which help brokerages and dealers profit from improved trade execution speed, transparency and reduced cost by enabling participants to focus on trading strategies. Given its efforts over the last decade, the firm has managed to gain significant client base and market share in North American market and is now focusing its efforts into expanding its market share in European market. In a bid to hasten expansion activities in European market, the firm has hired Kevin and appointed him as Director of Institutional sales in their London office.

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.

LCH Group Selects UnaVista for Its SFTR-compliant Trade Repository

May 26, 2019

UnaVista is delighted to announce that it has been selected by LCH’s RepoClear as their trade repository to meet their reporting obligations under the Securities Financing Transaction Regulation (SFTR). LCH Group’s Collateral and Liquidity Management function will also be using UnaVista for its SFTR reporting. SFTR is scheduled to go live in April next year and will require firms to report details of their Securities Financing Transactions (SFTs) to an approved trade repository. Known as the ‘MiFID II for repo’, the regulation is designed to increase transparency, allowing regulatory authorities to assess the risks associated with these transactions. LCH provides Europe’s leading clearing service for government bond and repo markets, with €197 trillion cleared across the group in 2018.

LiquidShare to Use ConsenSys’ Blockchain on Post-Trade Settlement

May 17, 2019

Over the past year, LiquidShare has worked to produce a private and permissioned platform built on Ethereum with the business logic coded in smart contracts to model their cash, security, and delivery versus payment mechanisms. The usage of the blockchain allows a peer-to-peer to settlement between custodian nodes for listed and non-listed shares, removing friction costs and providing transparency to SMEs.

CFTC’s Division of Enforcement Issues First Public Enforcement Manual

May 11, 2019

The Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (DOE) published its Enforcement Manual (Manual) today. This is the first issuance of a public Manual by DOE. The Manual provides an overview of the CFTC and DOE, and it establishes certain general policies and procedures that guide the work of DOE staff in detecting, investigating, and prosecuting violations of the Commodity Exchange Act (CEA) and the CFTC Regulations.  

FINTRAC Announces Better Support for Canadian Businesses

February 11, 2019

To ensure a strong and effective Anti-Money Laundering and Anti-Terrorist Financing Regime for Canadians, FINTRAC is committed to helping businesses comply with their obligations under the Act. Compliance with the Act brings transparency to certain financial activities, helping to deter criminals and terrorists from operating within the legitimate channels of Canada’s economy. It also ensures that FINTRAC receives the information that it needs to generate financial intelligence for Canada’s police, law enforcement and national security agencies.

SEC Publishes Two Reports on Credit Rating Agencies Showing Continued Focus on Compliance and Competition

December 20, 2018

Credit rating agencies registered with the SEC continue to promote compliance by enhancing their policies, procedures, and internal controls in response to Commission rules and staff examinations. SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs) show that some firms are self-reporting instances of noncompliance and some smaller firms are continuing to compete with the larger firms in certain rating categories.