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Gary Wright

Archive for: March, 2012

Gary Wright - BISS Research - London | 30/03/2012 | 4282 views

A new Clearing House; new law brings consolidation closer

News that NYSE Euronext is planning to build their own Clearing House for derivatives and is very interesting and a possible indictment of the quality of choice of alternative Clearing Houses in the market. It was obvious that there would be some moves by NYSE Euronext away from LCH.Clearnet as soon as the London Stock Exchange Group increased thei... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 29/03/2012 | 1812 views

Economic rebuild hope not despair

The Editorial Intelligence breakfast debate encompassed a varied panel and a very eclectic audience that produced a fascinating couple of hours and at the end, an almost uplifting feeling. Not to be trifled, in today’s world of gloom upon more gloom. In a nutshell Xavier Rolet CEO of the London Stock Exchange Group outlined several initiativ...

Gary Wright - BISS Research - London | 20/03/2012 | 2464 views | 2 comments

The financial inevitability of Clearing House consolidation

In Europe we are blessed (If that’s the right word) with many Clearing Houses. We are told that this provides competition and drives down prices while producing an environment for innovation. Can anyone point out where any of these benefits are accruing? Where is the proof that investors are getting a better economic deal and what was the mos... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 16/03/2012 | 1601 views

LEI and FIX the missing opportunity

As the instigation of Legal Entity identifiers (LEIs) gathers pace and designs are becoming cemented, the question of ownership and implementation is still to be answered. What has already been accepted is that LEI has to be a 'not for profit utility and be open with global access that has no latency in supplying new LEIs. One perceived problem is...

Gary Wright - BISS Research - London | 16/03/2012 | 1301 views

Is China heading towards the wall?

The Rt. Hon Lord Lamont, ex-Chancellor of the Exchequer in his keynote address, at the excellent FIX Protocol conference earlier this week, gave not only a rounded evaluation of current economic troubles affecting the UK and Europe, but included the most intriguing analysis that China looks like running out of steam. This was the first time I have ...