Wondering which securities have been placed on the threshold list?

Since the beginning of the year, the Financial Industry Regulatory Authority (FINRA) has fined several financial institutions hundreds of thousands US dollars for violation of the Regulation SHO.

• January – Normura Securities International, Inc. – US$ 100,000
• June – Two entities of Merrill Lynch – US$ 11 million
• July – OZ Management LP - $4.25 million
• August – StockCross Financial Services, Inc. – US$ 800,000

Just to name a few.

If your role requires you to comply with SEC’s SHO regulations governing short selling activities, then Exchange Data International can provide you with daily reported short sale trade data, also known as Threshold Securities Listings.

Definition of a Threshold Securities List

Threshold Securities Listings detail daily market settlement system failures (or 'fails'). They are published in compliance with SEC regulations.

The criteria for inclusion of a security on a Threshold List

Over a period of 5 consecutive days a security must have:

• A total number of ‘fails to deliver’ exceeding 10,000 shares
• A total number of ‘shares that have failed to deliver at least equal to .5% of the issuer’s total outstanding shares
• Been listed on a similar list by a self-regulatory organization

If you would like to find out more about this service or even try it, please contact our sales team.

AQMetrics Announces Agreement with Exchange Data International

AQMetrics incorporates Exchange Data International’s Market and Corporate Actions data into its integrated Risk and Compliance Service.

DUBLIN - September 29, 2015 – AQMetrics, a leading provider of integrated risk and compliance software for the investment management industry, announced today an agreement with Exchange Data International (EDI), a well-established provider of reference and corporate actions data. EDI will provide Market and Corporate Actions data to AQMetrics clients through AQMetrics cloud based risk and compliance software.

AQMetrics delivers turnkey Pre and Post Trade Monitoring for Reg NMS, OATS and OTS reporting, UCITS Rules Monitoring, AIFMD Risk Management and Annex IV Reporting, AML/KYC and UBO monitoring, EMIR Reporting and OPERA Reports. Using AQMetrics firms can: track investor activity, orders, executions and holdings from pre to post trade; receive risk alerts and notification of compliance breaches; and gain access to a dedicated team of industry specialists who assist in the simplification of regulatory risk and compliance for Investment Managers.

In addition to EDI Market Data, AQMetrics further added EDI's Corporate Actions Data to its software. With data sourced directly from all of the world’s major stock exchanges, the Worldwide Corporate Actions service provides up-to-date and accurate equity-based corporate actions information, and provides coverage on over 150 International Exchanges, with detailed announcements on 54 corporate actions event types. EDI’s Fixed Income Corporate Actions Service follows corporate actions events on nearly 400,000 bonds from 100 countries and Supranationals. In addition to interest payments (both fixed and floating), the fixed income service covers another 40 event types. The data is sourced from stock exchanges, central banks, ministries of finance, paying and transfer agents.

“We are very excited about our new relationship with AQMetrics, as it brings EDI’s data to a new audience,” said Kevin Brady, Executive Director for Exchange Data International. “This relationship demonstrates EDI’s commitment to building strong relationships to provide the industry with high standard services.”

“We are delighted to be working with EDI in order to expand the market and corporate actions data available to our clients through. AQMetrics software,” said Geraldine Gibson, CEO at AQMetrics. “Recently we have seen increased client demand for consolidated market and corporate actions data from multiple market data sources; and as a result we recognise the need provide our clients with even more choice from our ‘One Stop’ shop.

About AQMetrics
AQMetrics delivers integrated compliance and risk management software, and value added services. AQMetrics cloud software provides financial services firms with solutions to systematically meet their AIFMD, UCITS, MiFID and EMIR challenges.