21 December 2014

Gary Wright

Gary Wright - BISS Research

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Post-Trade Forum

The Post Trade Forum's aim is to propagate debate and discussion between senior practitioners in Post Trade Operations in the global securities market; to bring about increased awareness and knowledge across both buy-side and sell-side financial institutions in financial products and be a focal point for firms and practitioners to air views.

The Future of European Clearing and Settlement

04 May 2012  |  2879 views  |  0

The pace of change in European financial markets is enormously fast if measured against a barometer of historical change. As we all know laws and regulations as a result of political agendas is the power that is driving most of the change but there are also market forces at work, which are creating a new structure for clearing and settlement in Europe. Thinking ten years forward what will be the clearing and settlement landscape and what can we expect to be the benefits to the market players and their clients? 

In my view, in ten years’ time Europe will be dominated by two major Stock Exchanges offering post-trade services to their users in a vertical silo structure. Other Exchanges that are able to compete and there won’t be many, will become niche and use clearers in a horizontal clearing structure.

Custodians will get even bigger than they are today and provide a complete outsourced clearing and settlement service to an array of different types of financial services firm, offering services to retail investors. These firms will dominate the retail sector and be small in size but huge in influence.

The Internet will become the major contributor to a hike in globalisation and the creation of new enterprises. We will see Google and social networking sites enter the world of commerce and begin to supply the investing community with an increasing number of investment services. This will be the fuel that attracts an army of young new investors into the market, as they become disillusioned by pension funds.

What’s your view? Join us at the next post-trade forum to discuss and debate the future of European clearing and settlement on the morning of the 26th June at the London Stock Exchange.  

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job title Analyst
location London
member since 2007
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CEO of B.I.S.S. Research, founder of the BISS Independent Accreditation for all systems and services provided to financial services companies internationally. Guest Lecturer at Reading University and...

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