Chris Kentouris

Charles River Development has officially launched a new data management platform that will help fund managers integrate reference, issuer, benchmark-index and pricing data into their front- and middle-office applications.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

The SEC said it will review the ETF market to ensure it is “transparent” and not generating market volatility. The decision, announced at a Senate Banking subcommittee hearing on Wednesday, marks the second time the regulator has investigated investment companies.

Interactive Data Corp and the Financial Industry Regulatory Authority are trying to shed some light on market activity related to U.S. structured securities for the first time ever.

Chi-X Global Holdings has announced five new investors -- BofA Merrill Lynch; Getco; Goldman Sachs; Morgan Stanley and Quantlab Group have taken a minority stake in the firm.

The SEC has designated FINRA as the agency to develop and maintain the registration system for hedge fund advisors.

For the second time in two years, the watchdog for broker-dealers is warning traders they are obligated to send clients accurate indications of interest.

Five of the world’s largest emerging markets -- Brazil, Russia, India, China and South Africa -- forged an alliance to cross-list their respective equity-based products.

Citigroup is adopting a managed service from Fidessa Group for tracking orders and executing trades globally in listed derivatives.

State Street confirmed that it has reimbursed a United Kingdom pension fund for costs related to transitioning from one fund manager to another.

While the boards of directors of mutual funds are not responsible for managing risk, they still have a key role to play in overseeing investment and operational risks, according to a white paper just released by the Investment Company Institute and Independent Board of Directors.

The Securities and Exchange Commission is warning broker-dealers it will scrutinize the procedures they use to ensure they don't run afoul of the new market access rule when dealing in subaccounts used by disreputable day traders.

Wall Street firms shouldn't think about complying with the Internal Revenue Service's new rules requiring them to calculate the cost of investors' accounts only as a burdensome operational cost. Instead, they should think of following the new cost-basis reporting rules as a potentially profitable means of retaining and attracing new clients, says a report just issued by research firm Celent.

New legislation requiring financial firms to keep track of U.S. investors living overseas will become effective as of January 2014.

Managers of U.S mutual funds, separately managed accounts and other asset pools are pretty concerned about whether they calculate their risk exposure and performance results correctly and report correctly to regulators and clients.

Although many financial firms are still facing budgetary constraints, there appears to be at least one area in which spending could grow: buying the necessary data to value the securities institutions trade and hold.

The Depository Trust & Clearing Corp. is seeking industry comment on a new service designed to cap its own liquidity risk when it covers the default of a clearing member.

Asia-Pacific fund managers should start using commission sharing agreements more frequently to achieve the best deals for their customers, according to research firm Celent.

The Financial Industry Regulatory Authority on Wednesday said that it fined five brokerages close to $1 million for gouging clients in "postage and handling" fees.

Fidessa said on Tuesday that Ruffer LLP, a London-based investment management company, has gone live with its Buy-side Workstation to execute trades in global markets through 50 broker-dealers.