23 August 2014

Gary Wright

Gary Wright - BISS Research

277 | posts 907,978 | views 369 | comments

Operational Risk Management

To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II
A post relating to this item from Finextra:

LCH.Clearnet and DTCC in merger talks - report

29 April 2008  |  7298 views  |  0
European clearing house LCH.Clearnet is reported to be in talks with the US Depository Trust & Clearing Corporation (DTCC) about a possible merger that would create the first transatlantic provider of...

DTCC and LCH Clearnet merger

30 April 2008  |  6733 views  |  0

The speculation that DTCC are in talks with LCH Clearnet, with a merger as a possible result must be music to the ears of everyone in the securities market. The consolidation of Clearing on this scale will be creating a mammoth opportunity for the markets to finally start the walk towards industry wide STP in the international cross border business.

LCH Clearnet has been having some trouble lately along with others in the clearing business in maintaining their business credibility at a time when so many new trading venues are springing up. The whisper in the market is that the LSE is following LIFFE and considering changing their clearing relationship which threatens LCH Clearnet. This is strangely happening at the same time as they win new business from the Börse Berlin Equiduct trading platform. So we have a very odd situation developing where market consolidation in the clearing business has begun and agreements between Clearing entities are under starters orders but now we have the potential for fragmentation, putting the securities industry back to square one and will waste the many years it took to achieve the current position.

The possibility that the DTCC will merge or buy LCH Clearnet will be a very welcome stake in the ground for everyone that believes that consolidation of clearing and settlement is not simply a nice to have but a total necessity.       

TagsDealing roomsRisk & regulation

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Gary

Wealth Management - Turkeys Vote for Christmas

27 September 2013  |  2594 views  |  0  |  Recommends 0

The future of systems in financial services

29 July 2013  |  2559 views  |  0  |  Recommends 0

Social media and trust in financial markets

25 June 2013  |  4828 views  |  0  |  Recommends 0

Technology changing the markets

25 June 2013  |  2502 views  |  0  |  Recommends 0

Technology begins to change

14 June 2013  |  2047 views  |  0  |  Recommends 0
name

Gary Wright

job title

Analyst

company name

BISS Research

member since

2007

location

London

Summary profile See full profile »
CEO of B.I.S.S. Research, founder of the BISS Independent Accreditation for all systems and servi...

Gary's expertise

Who is commenting on Gary's posts