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Now thats what i call legacy innovation

Great more consolidation and much more to come i expect.

Banks have never and never will innovate with technology the risks are to high and as has been proved they stick with legacy for as long as they can

When will politicians ever learn? Taxing HFT is just about the most stupid idea yet. Demonstrating almost unbelievable lack of knowledge of markets or what the markets do need. That is a incorporating structure that allows HFT to sit within a new market structure. We need imagination and innovation but get just tired old Tax. Madness!

People just take the easy way and blame HFT but in truth there is no evidence that HFT causes any of the wrongs in the market. Only people that have only superficial understanding of the market will see HFT as a major fault line. The reality is that HFT provides huge benefits for the markets and we should concentrate on incorporating HFT within markets so that the whole market works efficiently. Taxing is just a crazy idea put about by crazy people in Parliament 

Cant say any of this will be a shock to anyone in FS. Question what is going to be done about it

Its as good as any audit but we also supply a internal benchmark that introduces standards accross the business. Its as about as near perfect as possible

Yes thats the way i see it

SWIFT does have a role to play as its an established network with so many banks and other users making use of the network. However in the 21st century the finance industry its customers and society make use of commercial networks and increasing social media and the internet. It also is a rapid user of digital technology throughout business and consumer. Private networks do not feature very much in the future that is a strong call for SWIFT to adapt

First they should split up their role as a standard body and second open up the private network into one that is a more open public facility. The old barrier of security is now longer the big concern as before as we have seen exponential growth in financial transactions over the web. The future is more about providing access to services and supplying real time data for managing transactions and risks. SWIFT has to decide if it will continue to be a barrier to change or be a vital componant of FS industry efficiency. Dont adapt and i fail to see a future for SWIFT 

About time there was integration. Its taken years but the real story would be for Pershing to finally go fully into BNY Mellon and get off their legacy systems