Just wanted to share this wonderful emerging trend amidst these traumatic times.
BT announced September 29th to provide managed security services for Euroclear. That includes: security monitoring capabilities to Euroclear that
will allow real-time monitoring, correlation and analysis of Euroclear’s security infrastructure and critical applications.
Ok, well there are other powerful service providers in this field. The news here is that it is a Telecom operator that has won the deal. Telcos profile in facilitating market automation is an eye-opener for me.
What else for market infrastructure? CESR says:
121 registered MTFs
92 registered markets
10 systematic internaliser
(Yes, some will die some will thrive.)
Add T2S and Euroclear activities to account for B/O consolidation.
The fact is infrastructure has changed for good. We will see new infrastructure arising from this meltdown (-facilitated by Telcos).
This is the beutiful trend. Let us build on that.
My question is: What is the role of limping, partly goverment-owned financial giants?