Katten’s regulatory approvals analysis to be incorporated in Databank Foreign Security Futures services
FIA Tech, the leading technology provider to the exchange-traded derivatives industry, announced today that Katten, a full-service law firm with approximately 700 attorneys in offices across the United States and in London and Shanghai, has joined the FIA Tech Databank Network as its first law firm partner.
Databank Network is FIA Tech’s initiative to bring together independent software vendors (ISVs), exchanges, clearing houses and other data providers into an interoperable global network simplifying the use of reference data, analytics and software solutions from participating firms. Katten’s regulatory approvals analysis will be incorporated into Databank’s Foreign Security Futures offering.
FIA Tech launched Foreign Security Futures, an analytic service to help firms and investors navigate complex regulations governing the trading of non-US index derivatives, in 2021. The service offers a single, central source of data for non-US index classifications, making it convenient and efficient for firms to access the information they need. The service was launched together with nine futures exchanges and five index providers to provide consistent market data and analytics so that market participants can come to accurate, consistent determinations.
Andrew Castello, Head of Reference Data at FIA Tech, said: “We are thrilled that Katten is joining the Databank Network and our customers will have easy access to Katten’s expertise in the field of foreign security futures. Katten is a leader in the field of financial services regulation and the fact that their data is now available to the Databank Network participants is a testament to the value of networks. This partnership is a further example of how FIA Tech can bring innovation to the derivatives industry.”
Stephen Morris, a partner in Katten’s Financial Markets and Regulation practice based in the firm’s New York office, said: “We are gratified to be partnering with the FIA Tech team, which has built a utility that is increasingly indispensable to the implementation of effective compliance programs at market participants — both buy-side and sell-side — that trade these products.”
Databank Network unifies reference data from over 80 exchanges and central counterparties (CCPs) globally, leading index providers including FTSE, MSCI, S&P and STOXX, and data vendors EDI and Factset. Katten is the first law firm to join the network.
