Latest opinions that Gary Wright has shared on Finextra

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Gary Wright

Analyst

BISS Research

Member since

19 Sep 2007

Location

London

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Gary's opinions

Many Shades of Grey in Data

For those in the know, data contributions are an on-going problem for the integrity of financial markets. The subject surfaced this year with the Libor scandal, which despite moving off the front pages is still very much an open issue, without a solution. Whilst Libor grabbed the headlines, it is by no means the only benchmark that has a dubious s...

11 December 2012

The future of FIX

FIX has become the major messaging protocol in global financial markets and has arguably been the single most influential technical development in financial markets in the last twenty years. To a large degree it has long met its original objectives but there is still much that can be achieved so the future of FIX perhaps needs to be redefined. Jus...

29 November 2012

The Greatest Project of

Lunching with Iain Saville last week it brought back many memories of yesteryear, when the UK securities markets was reeling from the disaster that was the Taurus project. For those too young to know or with short memories of the horror of the TAURUS project - TAURUS being the code name for a system to bring settlement efficiencies into the UK

26 November 2012

Business Potential of Social Networks in Finance Services

I have been thinking a lot recently about networks and the sheer frustration and costs that abound in financial markets because the current market structures simply don’t work on any satisfactory level and are fraught with legacy technology, thinking and protective, vested interests. I have raised the question of why SWIFT is never challenged. In ...

20 November 2012

The Cost of FX in T plus 2

T+2 settlement looks like it’s on its way to a market near you in the next few years and although I accept that in many markets its not much of a problem in some financial instruments in domestic markets, the problems intensify considerably for cross-border investing. It’s not really a Eurozone issue, as we all know that London is the biggest ...

16 November 2012 /regulation

A business case for SWIFT

For many years I have been totally focused on message standards as one of the main drivers for financial services efficiencies that benefit investors and society in general. For this reason when SWIFT opened up to the securities markets all those decades ago it was an obvious decision to utilise the incumbent network in the international financial...

13 November 2012

Virtual Transaction Matching

Having been involved in post-trade confirmation and matching for more decades than I care to remember, the thorny issue of central matching vs. local matching is still with us. The reason being is that despite the word ‘central’ appearing in central matching, in reality there is nothing completely central in the domestic or international markets. ...

09 November 2012

Harnessing the risks of social networking in finance

Whenever I get into a conversation about social networking with someone from a financial services firm the discussion quickly turns to risk and then almost fear of a force out of their control. The natural reaction in most FIs has been to ban access within the firm and attempt to do the same externally. This is profoundly the wrong response to soc...

02 November 2012

Who wins Central Matching or local?

With settlement cycles shortening in Europe and in the USA, there is quite a debate going on in the market as to the best form of post-trade matching. Financial Services firms on both buy and sell-side have a decision to make about what suits their business best. Central matching or local matching? Certainly central matching has plenty of attracti...

30 October 2012 /regulation EBAday

HFT a force for good or evil

It seems to me that the Industry is split between the benefits or not, of high frequency trading (HFT) and it’s a polarisation which is so concerning that Sir John Beddington, UK Government Chief Scientific Adviser, has launched his report on the Future of Computer Trading in Financial Markets. Everyone appears to have an opinion, but very few of ...

29 October 2012 /regulation EBAday