Finextra community home

Gary Wright - BISS Research - London | 25/04/2012 | 1869 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... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 24/04/2012 | 1949 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... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 23/04/2012 | 2005 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... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 20/04/2012 | 2884 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... Group: Post-Trade Forum

Gary Wright - BISS Research - London | 03/04/2012 | 2299 views

Is T2S still relevant?

Way back in 2006 the idea of T2S became a reality. In the years since the creation of the Euro, the European securities markets have continued to lag badly behind the European project to create a single financial market. Unfortunately, this is still the case today, with severe settlement drag, as each country operates different and very varied, cle... Group: Post-Trade Forum