NICE Actimize launches cloud-based, holistic trade surveillance platform
SURVEIL-X solution aims to provide single view of market manipulation and abuse through multi-source data capture and analytics.
Regulation
Asset managers pressured to enhance oversight of outsourcing partners
Regulatory pressures on asset managers to oversee and govern their outsourcing service providers has become a challenge for the buy-side.
JP Morgan fined $1.1 million for failing to disclose misconduct allegations to FINRA
FINRA has said JP Morgan filed allegations of misconduct of its employees up to two years later than required 89 times.
Tullett Prebon to pay $13 million for swaps trading desk compliance failures
The CFTC said that Tullett Prebon’s voice brokers made false or misleading statements to clients related to certain trades, bids and offers in US dollar interest rate swaps.
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
ESMA identifies possible liquidity risks in high-yield bond funds
Stress simulation framework finds “pockets of vulnerabilities” in UCITS bond funds in pure redemption shock scenarios.
AcadiaSoft completes Phase 4 UMR onboarding
Counterparties within scope for Phase 4 of initial margin compliance have been onboarded to the AcadiaSoft platform.
Buy-side face operational risks if they don’t prepare for Libor transition
Failure to update legacy contracts ahead of Libor’s termination could have serious operational and investment risks for asset managers.
Bloomberg acquires RegTek.Solutions to expand reporting hub
RegTek.Solutions will be integrated with the Bloomberg regulatory reporting hub, as well as its data and trading systems.
Banks face legal action in the UK over FX rigging scandal
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.