While the liquidity requirements of the impending Basel III financial reform have been pared back, the regulatory reporting demands on banks remain a vast challenge – especially in terms of data management. In this article, Norbert Boon, global head of solutions at PaceMetrics, looks at how banks can best cope in the risk averse, more transparent new world order, while maintaining a sharp competitive edge.
Following on from its technical advice on the management of cross border data for UCITS earlier this year (see our coverage 
As part of its wider push into the world of financial data services, Fitch Solutions has added ex-BNY Mellon fixed income head Neil Smith to lead the efforts of its Research Services group. Smith, who joins as managing director of the group, will be based in New York and report to Fitch Solutions head Thomas Aubrey, who is based out of London.
Micex Group, operator of Moscow-based Micex, Russia’s largest stock exchange, has selected Nasdaq OMX to provide market data audit services.
Deutsche Börse Systems has expanded on its plans to bring together its Xetra and Eurex platforms to deliver low latency trading from a single data centre in Frankfurt, but says redeployment of the matching engines will not be achieved before the end of 2011.
One of the stranger happenings during the lengthy US reform negotiation process was that a provision to require the use of Extensible Business Reporting Language (XBRL) for financial data reporting was unexpectedly struck from the financial regulation reform bill, which was passed this week (see our coverage of the data utility proposals 
NYSE Technologies has named Colt, euNetworks and Verizon as connectivity providers for co-location customers accessing NYSE Euronext’s European liquidity centre in Basildon, Essex. The trio will supply connectivity to NYSE Euronext’s Secure Financial Transactions Infrastructure (SFTI) access centres, enabling co-location customers to then use the NYSE Technologies’ SFTI Optic service to ensure low latency access to their racks in the liquidity centre.
After months of debate and the lengthy deliberations of a dedicated conference committee (see our coverage 
Last month saw the approval of the package of proposals that make up the next five year strategic plan for industry network operator Swift, but what has the Brussels-based board approved in Swift 2015 and what does it mean for the industry at large?
To add to the veritable cartload of recent papers issued as a part of the ongoing review of MiFID (see some of the reference data aspects summarised 
Completing its transition from an ECN to regulated exchange status, Jersey City-based Direct Edge today announced the launch of trading across all stock symbols on its EDGA and EDGX "next generation" trading platforms, the result of almost two years of planning and collaboration with a raft of technology partners, including Microsoft, HP, Intel and Cisco Systems. 
It seems to be the season for people moves; what with the changes going on at Xtrakter (see 
Following the acquisition of Trax platform operator Xtrakter by Euroclear in April last year and the ensuing management shake up (see coverage 
Swift’s planned acquisition of SunGard’s Ambit Messaging Hub is all part of the financial network operator’s new and recently approved 2015 strategy, which aims to strengthen Swift’s overall commercial approach to the market. The new strategy will see Swift making further “targeted acquisitions” over the course of the next five years, according to Mike Fish, its chief technology officer.
Russian financial services provider Otkritie has opened a trading route to Moscow’s Micex stock exchange that avoids the risks of pre-delivering stock and cash to local brokers before trades can be executed and delivers greater transparency and cost efficiencies for investors trading directly into Russia.
The UK government has this month issued a call for evidence on the current European data protection legislative framework, ahead of European-wide negotiations on an update of the European Data Protection Directive 95/46/EC due at the start of next year. Reforms could potentially have a significant impact on the data storage and access requirements for financial institutions and therefore entail a reworking of firms’ current data warehouses and EDM systems.
A-Team Insight has noted on a number of occasions that data quality and data management issues lie at the heart of the risk management and compliance challenge (see 
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
Following on from the release of its business case for the introduction of XBRL to the world of corporate actions last month (see coverage here), the Depository Trust & Clearing Corporation (DTCC) has finally released the first set of drafts for its new corporate actions messages, which are based on the ISO 20022 standard. The work is all part of the vendor’s corporate actions reengineering project (see our coverage here), which is currently in its second phase and will eventually result in the replacement of 60 legacy systems when it is completed in 2015.
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