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Tag Archives: compliance

Context for Compliance: The Big (Bad) Behavior Picture Fintech,Video,video

Analyzing all the trading data out there is difficult, especially for regulatory purposes. Compliance officers have to take the big picture into account when examining data for bad behavior in the markets. Jim Austin, the CEO of Vertex Analytics, Inc., announced that it was National Bring Your Daughters and Sons to Work Day during his FinTech Exchange Conference presentation, and put some children to work on stage to demonstrate the evolution from pit to screen trading and the importance of compliance officers. “Everyone knows the floor is not there anymore,” Austin said. “But all that was tracked back then was…

SEC Shortens Settlement Window for Stock, Bond Trades; Banks Trimming Compliance Staff as $321 Billion in Fines Abate; EU to formally veto Deutsche Boerse LSE merger shortly – sources John Lothian Newsletter,Newsletter

SEC

First Read Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series — video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion purchase…

Kristin Boggiano, Guggenheim Partners – It’s a Jungle Out There Feature,MarketsWiki Education,MWEd,Mwiki,Video

“You’re going to reinvent yourself your whole career. It’s not just a one-step thing. You may start off in the Ecuadorian Amazon, and become a regulatory lawyer years later.” When Kristin Boggiano was finishing college, she admittedly had no clue what she wanted to do. So when she got an opportunity to spend three weeks in the jungles of Ecuador working with indigenous tribes, she jumped at the chance. When she returned, she still had no conclusions, except that she really enjoyed indoor plumbing, air conditioning and American food. What she has come to understand, however, is the value of…

Tayloe Draughon, Neurensic – Futures Industry AI and Machine Learning Feature,MWEd,Mwiki,Regulation,Video

“As you seek worlds of opportunity, look for areas in which there are problems, because if somebody is having problems, there are going to be opportunities.” Recent advancements in technology have led to a monstrous spike in trades and trade messaging. Meanwhile, new regulations are requiring banks, brokers, dealers and futures commission merchants to not only store all of this new data, but also to conduct surveillance for trade infractions such as spoofing, layering or “banging the close.” One particular challenge is that these new regulations require proof of intent, that is whether a trader or trade algorithm intentionally broke…

Karen Wuertz, National Futures Association – Opportunity Behind Many Doors Blog,Feature,MarketsWiki Education,MWEd,Mwiki,video

“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.” The futures markets are about two things — price discovery and risk transfer. But all businesses that attract capital also attract a small number of less-than-scrupulous participants, or “bad apples,” as Karen Wuertz, SVP of strategic planning and communications at the National Futures Association calls them in this MarketsWiki Education, Chicago 2016 presentation. Wuertz says the NFA, in its continuing mission to ensure market integrity and protect customers, is always on the lookout both for irregular market behavior and…

Counter (party) intuitive – Fidessa White Paper Blog

by Steven Strange, Compliance Product Manager Pressures from all sides are driving buy-side firms around the world to pay ever-closer attention to counterparty exposure. Asset managers are looking critically at their existing processes for monitoring and controlling counterparty risk and often finding them to be inadequate. Here Steven Strange, Compliance Product Manager at Fidessa, looks at how the counterparty landscape has changed for the buy-side, and what can be done to ease the burden.

Ed Boyle, BOX Options Exchange – The Crystal Ball Options,Video

“The successful firms in this industry looked at the history, saw the change coming, and reacted by getting ahead of it.” Ed Boyle believes that everyone has access to a crystal ball. The trick, however, is to make sure it is tuned to the right frequency. He says the past creates the future, and one must look through the trees to see properly. Then, proceed with passion. Sure; it sounds easy on paper, and yes, the devil is in the details, but that’s where the passion comes in. The financial markets are in the midst of a full regulatory overhaul,…

Adrienne Seaman, CME Group – Legal Aspects of a Career in Futures Regulation,video

“Technology is at the heart of our business, particularly in these electronic days, so having a lawyer who can do financial services and technology without going white and feeling sick makes a lot of sense.” In 2008, Adrienne Seaman was looking for a change, for fear of getting “bored” in her job as a partner in a London law firm. As a lawyer with a degree in computer science, she was particularly well suited to join CME Group as it began its expansion in Europe. Two weeks after she joined, Lehman Brothers filed for bankruptcy, and the wheels of regulatory…

Peeling back the layers of the European regulatory onion with Finex’s Andrew Gebhardt Managed Futures,Regulation,Video

As regulatory bodies implement sweeping new rules for the financial industry in the wake of the ‘08 crisis, an increasing problem lies in navigating these always complex and occasionally differing rules and regs across international boundaries.   JLN sat down with Andrew Gebhardt, managing partner at Finex LLP, to see how the situation is playing out for investment funds in Europe. The short answer is not well. The disconnect between U.S. and European regulators is so severe, Gebhardt advocates that small firms looking to expand to Europe should consider joining forces with an entity already licensed to created funds —…