Regulation & Compliance

SEBI extends software testing requirements to commodity firms

The Security and Exchange Board of India (SEBI) has said that from April 2016 commodities traders will be subject to the same software testing guidelines that apply to Indian securities exchanges SEBI’s 2013 guidelines set out how brokers operating on the securities exchanges must test software; how the exchanges must implement an approval process for the software »

FCA proposes “virtual sandbox” for fintech launches

FCA-building

The UK’s Financial Conduct Authority (FCA) has told fintech companies they should consider creating a “virtual sandbox” where new technologies can be tested using shared databases to simulate markets. The FCA says it would provide the databases of market prices and other information. The idea is one result of the FCA’s Project Innovate, designed to »

SQS partners with TraderServe for MiFID algo testing

Eddie-Thorn-SQS

SQS, the London-listed software quality specialists, has partnered with trading software specialist TraderServe, to provide investment firms with a test service for compliance with sweeping new MiFID II rules regulating algorithmic trading. Although the deadline for the implementation of MifID II has been delayed for a year until the start of 2018, SQS and TraderServe »

“Get to grips with IT risk” say Irish, German central banks

Senior officials from both Central Bank of Ireland and the Deutsche Bundesbank have warned bank management teams that they must work harder to ensure they have the right culture in place to tackle IT risks. “We believe that there is significant weakness in this area and will be seeking change,” said Gerry Cross, the Irish central bank’s »

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