We hope you plan on joining us June 23-25 for FISD Week! Spread across three days, there are several webinars and social distancing networking opportunities that can fit into your schedule.
Tuesday, June 23 - Before and After - The State of the Market Data Industry, Pre and Post Pandemic
Tuesday, June 23 - FISD Women's Group Luncheon
Wednesday, June 24 - Market Data in the Cloud – Let’s Get Real (Customers Speak)
Wednesday, June 24 - Market Data in the Cloud – Let’s Get Real (Sellers Speak)
Thursday, June 25 - Consolidated Market Data: Analyzing Changes from the SEC
These events are made possible by the support of our Global Sponsors: AWS Financial Services, Cboe, S&P Global Market Intelligence, Tradition, and Xignite as well as by contributions from featured event sponsors Google and Refinitiv.
Members Reveal How Their Companies are Faring During the Pandemic
Thanks to all active FISD members who completed the COVID-19 Business Issues Survey from SIIA (our parent organization) during April 2020. Nearly 400 SIIA member companies of all sizes around the world, including 147 FISD members, participated. Results are already informing our short-term and long-term programming response to the pandemic on a global SIIA level and within each division. Here are highlights of the findings across divisions, and the main takeaways for FISD.
Data Localization – Seeking Feedback from the Financial Sector
We are interested in FISD members’ experiences with data localization and what they see as opportunities to improve the ability to transfer financial data. SIIA (FISD’s parent) has played a leading role in advocating for permitting cross border data flows for roughly a decade now. For example, we supported a widely cited 2014 Brookings institution study on the value of transatlantic data flows. The reason SIIA did this is that governments that impose data localization requirements effectively increase costs for businesses with no corresponding improvement in cybersecurity or regulatory access to data. The Leviathan Group, for instance, estimates that governments that impose data localization requirements increase costs of hosting data by 30% to 60% at a firm level. Unfortunately, however, many countries have imposed data localization requirements such as China most prominently but also countries such as India, Indonesia and many others. The United States used to restrict cross border data flows of financial data. However, the United States changed its policy in the United States Mexico Canada Agreement. The Agreement’s Chapter 17 on financial services contains an obligation to permit cross border data flows of financial data and prohibits requirements to store data – or even “mirror” (keep copies of data) – locally. There are also protections for algorithms and source code in the agreement. This liberal regime is coupled with the right of regulatory authorities to obtain data expeditiously in the course of legitimate regulatory oversight. SIIA is working to include similar provisions in a U.S.-UK trade agreement and a U.S.-EU trade agreement. If you are interested in this issue, please contact Carl Schonander, Senior Vice President, Global Public Policy.
Free FISD FIA Training Deal Extended Thru September 30
Due to high demand, we have extended this special offer for another quarter. FISD members who register for the at-home FISD FIA ($425) by September 30 receive eTraining from Learning Modules (a $480 value) for FREE. The self-paced training includes 3.5 hours of videos, 150+ pages of downloadable notes, and 4 quizzes to assess your mastery of each syllabus section. The clock on your 60-day access starts when you start studying, not on date of purchase, to allow for maximum flexibility. Likewise, the at-home exam is available through June 30, 2021, so you can lock in this offer now and take your time preparing. Visit this page to get started! Please contact Hope Wilkes with questions.
Feeling Social? Follow our NEW LinkedIn Page
FISD has established a new LinkedIn page where members can receive the most recent information about upcoming events, FISD news, member updates and more. Make sure you don’t fall behind and miss out on some of the action. Easily follow our new page by clicking here now!
Members can have their press releases, events, white papers, blogs, news articles and job postings featured in the FISD Newsletter. Delivered monthly to thousands of financial information professionals, the newsletter is a great place to spread your news. Email relevant material to Michael Zingali with the subject line "FISD Newsletter Submission".
