UBS AG has become the first client to begin directly reporting its global real-time terminal inventory to the London Stock Exchange Group.
Today’s announcement follows LSEG successfully piloting a ‘direct reporting’ initiative with a number of proactive clients, allowing them to report their usage of London Stock Exchange and Borsa Italiana data directly to the Group, in addition to continuing to report through market data vendors.
Robert Barnes, Managing Director, Equities at UBS:
“London Stock Exchange now offers a per-user data model that is administratively easy and commercially efficient. The enterprise framework, scalable and flexible, is consistent with best practice examples worthy of promotion world-wide.”
Jarod Hillman, Head of Real-Time Data at London Stock Exchange Group:
“The success of this pilot scheme means that we now expect a number of clients to follow UBS AG’s lead in entering into direct data reporting agreements for their London Stock Exchange and Borsa Italiana terminal usage. We have clear, rigorous criteria that customers must meet first, demonstrating adequate internal controls to entitle, monitor and report their usage, then we are ready to onboard them. We will also look to work with trade associations that represent other exchanges, our vendor partners and end users to help establish industry standards around this practice.” *
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.