Opinions
(Cinnober Financial Technology AB, Per-Anders Bedman)
Most market participants and different stakeholders in the financial industry agree that real-time risk management is a necessity in today’s increasingly fast moving and complex financial markets. Less noticed is the value of connecting real-time risk management with real-time clearing; a wider concept than “just” risk management. However, for clearinghouses
Continue...(TabbFORUM Contributing Editor, Elizabeth Riegel)
File this under unintended consequences: Increasing regulation of clearing in the U.S. and Europe and the growing prevalence of high-frequency trading have combined to push the clearing function from its typically leisurely pace. As most capital markets players know, under Dodd-Frank, much of the over-the-counter derivatives market in the U.S.
Continue...(The Centre for the Study of Financial Innovation (CSFI), Peter Norman)
The new DTCC-CSFI Post-Trade Fellowship represents a new and exciting development for the CSFI – the Centre for the Study of Financial Innovation – and for DTCC, the fellowship’s sponsor. The fellowship will run for a year, with the aim of making a meaningful contribution to the debate on the
Continue...(Burton-Taylor International Consulting, Robert Iati)
Clearing is a sticky service. Few who do it one way – right or wrong – are eager to do it any other way. So, as clearing for high-frequency trading firms continues to grow, it’s important to identify the key features that HFTs seek in a clearing firm. Four factors
Continue...(Cinnober Financial Technology, Nils-Robert Persson)
Comparing the trading arena with the post-trade parts of the transaction chain often feels like looking at two different eras. While trading systems today process hundreds of thousands of transactions per second, in millionths of a second, we still often have to wait three days for settlement. The business-driven, competitive
Continue...More Opinions
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Real-Time Clearing Is Not an Oxymoron
(Formerly TG, Greg Crawford)
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Keeping Up With the Machines: Real-Time Post-Trade Risk Management
(Patsystems, James Tomlin, Director of Risk Systems)
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Clearing the Path Ahead: Does the Name Still Match the Function?
(Quadron Data Solutions, a Fetter Logic Company, David Fetter)