tick history: effectively manage compliance requirements in … · 2020. 4. 9. · re tick history:...

RE890599/3-19

Tick History: Effectively Manage Compliance Requirements in Today’s Fluid Regulatory EnvironmentFundamental Review of the Trading Book

In response to the financial crisis, the Basel Committee released the Fundamental Review of the Trading Book (FRTB) in January 2016. The aim of FRTB is to contribute to a more resilient banking sector by strengthening capital standards for market risk.FRTB, an improved and more risk-sensitive version of the current market risk standards, will be implemented in January 2022. The new regulation aims at ensuring that banks have sufficient capital to withstand stressed market conditions, still be solvent and not require a government bailout. FRTB increases the look-back period and changes the methodology by which banks determine their minimum capital requirements. Banks are now required to look back at a period that covers the Global Financial Crisis.

Tick History, along with other solutions such as Price Reference Data, can help firms comply with current and future regulations.

How can Tick History support banks’ FRTB implementation?Captured from Refinitiv real-time data feeds, Tick History offers global time-stamped tick data since 1996 across all asset classes, covering both over-the-counter (OTC) and exchange-traded instruments from over 500 exchanges and third-party contributor data, the majority available two hours after markets close. Tick History now has additional reference data, new MiFID II data sources and enhanced API.

Tick History capabilities

Other Refinitiv products can help you face your regulatory obligationsDataScope® SelectDataScope Select provides access to key FRTB-related instrument data. This includes MiFID II liquidity status and the various threshold size limits that determine the transparency obligations of each individual quote provided. Tick History and DataScope share a user interface and API, so combining them will be simple.

DATA

Region GLOBAL: AMERICAS, ASIA-PACIFIC, EUROPE, MIDDLE-EAST AND AFRICA

All asset classes • Equities• Fixed Income • Foreign Exchange and Money Markets • Commodities & Energy

Popular content for FRTB use cases

• MarketAxess (incl. TRAX APA) • ICAP (including EBS and BrokerTec) • BGC Partners• Tullett • Tradition • WM Fixings

MESSAGE TYPES

Time series data • Trades and Quotes (level 1) • Market Depth (level 2)

– Market by Price – Market by Order

• End-of-Day Prices • Intraday Summaries

(1 sec, 1 min, 5 min, 15 min, hourly)

Reference data • Corporate Actions (Corax) • Secondary Identifiers

(ISIN, CUSIP, SEDOL, RIC, etc.)

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