UK - The Financial Services Authority is using Inalytics and Plexus to provide it with a historical database of equity market transactions in a bid to analyse commissions, market impact and timing costs.
The data has been delivered to the regulator’s markets and exchanges division and covers institutional trading costs across 25 major markets – including the UK, US, Germany and a selection of emerging markets.
The database covers the period from the beginning of 1998 to the end of 2002 and includes 39 million executions with a value of over US$19.8trn.
This data will allow the FSA to track explicit costs, such as commissions, and implicit costs, such as market impact and timing.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.