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Archive for: April, 2012

Gary Wright - BISS Research - London | 25/04/2012 | 1856 views

Data challenge for T plus 2

Any shortening of the settlement cycle is clearly going to tax operations to complete all the tasks necessary to settle only two days after trade date. I remember being head of operations when the move from account settlement went to ten day rolling then five day and then the three we have today. Each change came with its own problems with technol...

Gary Wright - BISS Research - London | 24/04/2012 | 1938 views

The madness of taking liquidity out of the market

As the world struggles for economic growth there is a weird onus on restructuring the markets and wrapping massive amounts of legislation and regulation around managing risks. It’s a knee jerk reaction from politicians desperate to show voters that they are doing something to stop any reoccurrence of the financial disasters first seen in 2007...

Gary Wright - BISS Research - London | 23/04/2012 | 1987 views

Moving towards real-time confirmations

The world like Premiership footballers, we are told, is getting faster. Speed today appears to be the essential element in providing services and executions. For years the race in front office dealing systems has been to extract every possible miniscule time element out of the transaction executing process. Latency is a bad word and financial inves...

Gary Wright - BISS Research - London | 20/04/2012 | 2865 views

Payments within T plus 2

As far as we know, today, the European Markets will be moving to a T+2 settlement cycle by the 4th quarter in 2013. This is a precursor harmonisation, necessary for the implementation of T2S in 2015. Sounds ok, but there are masses of operational and system concerns that firms will need to satisfy, if either T+2 or T2S will be able to be any sort o...

Kathleen Tyson-Quah - Granularity Ltd - London | 15/04/2012 | 2587 views

Are CCPs Increasing Risks? Part III

I've let the ball drop on blogging for the past few weeks, but have been thinking a lot about the issues. The Post Trade Forum debate on Are Clearing Houses Increasing Risk? will take place on Tuesday morning at the London Stock Exchange. I've just finished my key note presentation for the debate, and I'm afraid I come down on the side of increa... Tags: Trade execution, Risk & regulation