Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.
In a move that could aid MiFID II compliance, the Toronto Stock Exchange (TMX) and the UK's National Physical Laboratory have carried out an experiment which saw atomic clocks used to timestamp trades which were then recorded directly on a distributed ledger.
In a high-frequency trading world where every microsecond counts, Intercontinental Exchange has struck a deal with the UK's National Physical Laboratory to ensure co-location customers at its data centre in Basildon get precise timing.
Traders beware: Samsung has unveiled a new mobile voice recording system (MVRS) for Galaxy phones that can not only listen in on every conversation but also track your movements and monitor you data usage.
Bats Europe is to license technology from US block trading venue Bids to launch a new service for the European equity market.
Delays in the publication of Regulatory Technical Standards (RTS) for MiFID II are having a positive side effect - incentivising financial services firms to take on major system overhauls in a bid to reduce their technology debt, claims a paper from GreySpark.
Swedish trading technology vendor Cinnober has bought the Boat trade reporting service from Markit. Financial terms of the deal were not disclosed.
Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.
The European Parliament has hammered out a preliminary deal with EU member states on how to regulate high-frequency trading.
The vast majority of buy-side firms feel that institutional investors have had no meaningful influence on the legislative process building up to new MiFID II rules, according to a Greenwich Associates survey.