Insights, Archived
Research, white papers and articles
SEC Regulation NMS – Proposed Amendments
Regulation Overview, Amendments to Rule 612 of Regulation NMS – Minimum Pricing Increments, Time Weighted Average Quoted Spread explained, Amendments to Rule 610 of Regulation NMS – Fees for Access to Quotations, Transparency of Better Priced Orders.
SEC Order Competition Rule
Regulation Overview, Coverage of Proposed Rule 615, Exceptions from the Order Competition Requirements, Qualified Auction Requirements, Example of Segmented Order Trade Execution Workflow.
SEC Regulation Best Execution
Overview and Requirements Summary, Tailoring of Policies and Procedures by Order & Security Type, Rule 1101(a), 1101(b), 1101(c), Rule 1101(d), Examples of potential liquidity sources and reasonably accessible information.
SEC Rule 10c-1
Overview and Requirements Summary, Differences Between SEC 10c-1 and ESMA/FCA SFTR, Regulatory timelines, Real-Time Reporting of Individual Transactions, End of Day Reporting of Aggregate Security Information, Illustration of When to Report Aggregate Information.
Global Regulatory Reporting Rewrites
Overview, Regulatory Reporting Go-Live Dates, Adoption Rates of CPMI-IOSCOs CDEs, Other Notable Changes in Rewrites: CFTC, CSA, EMIR, JFSA, ASIC and MAS.
FINRA Rule 4210 Regulation Overview
Overview, Eligible Transactions – Covered Agency Transactions, Margin Requirements, TBA Transaction Example: Mark to Market Loss Not Exceeding MTA Exception, Mark to Market Loss Exceeding MTA Exception, Uncollected Margin by COB Next Business Date, Uncollected Margin by 5th Consecutive Business Date.
EMIR Refit Regulation Overview
Overview, Key Changes to Reporting Standards, EMIR Refit Regulatory Timelines, EMIR Refit Implementation Timeline