A non-event. That is how European securities depositories; their bank and brokerage participants, fund managers and software vendors describe the migration of over two dozen European markets to a two-day settlement cycle on October 8. Yet they are all realizing that they must keep up the good work in ensuring seamless middle office procedures. Relying […]
FIXing the Post-Trade Communications Process
Reducing time, risk and cost. That’s the mantra the FIX Trading Community promoted at an event it hosted in New York last week when recommending its message tags and workflow be used for locally matching post-trade instructions in all asset-classes. It’s also the beginning of a battle to win the hearts and minds of fund managers […]
Global LEIs: A ‘Virtual’ Turn of Events?
With little information emerging from the Regulatory Oversight Committee (ROC) on how a central operating unit (COU) would work as part of a global initiative for new identification codes for business entities, market consensus appears to have emerged suggesting a virtual model for data distribution is the best way to move forward. Under such a […]