Industry body goes on membership drive

London - 13 October 2011

Revitalised ISITC Europe aims to strengthen position with a focus on increasing member numbers.

ISITC Europe, the industry group dedicated to improving the operational efficiency of the global financial industry, today announced it is launching a campaign to increase membership in the run up to its annual conference.

ISITC Europe speaks for the whole industry, including broker/dealers, custodians, investment managers as well as vendors and utilities. Its mission is to develop standards and market practices that will enhance efficiency across the transaction lifecycle.

Graeme Austin, chief executive of ISITC Europe, commenting on the organisation’s importance to market professionals, said: “Joining the ISITC community has obvious benefits: members can, of course, meet with industry peers to gain insight into best practice, emerging trends and business requirements. But more than that, in today’s volatile and increasingly complex world, ISITC gives the industry a voice and allows members to help shape the direction of industry initiatives and, in so doing, achieve greater efficiencies throughout the securities marketplace.”

Austin continued: “Over the last couple of years we have re-energised the organisation in Europe by focusing on providing members with guidance, learning and the opportunity to comment on developing European legislation. We continue to be involved in the MiFID Forum, which provides an opportunity for open discussion and debate among senior market practitioners from compliance and operational areas, including those from other leading trade associations such as SIIA/FISD, FIX Protocol and TWIST. The papers that this group has published have been particularly well received by members.

“While some of our working groups continue to investigate the operational impact of standardisation proposals and the best practices associated with transaction flow management, our Regulations working group continues to do its excellent work considering the implications of proposed market legislation. Make no mistake, ISITC Europe is re-emerging as a significant voice within our industry. The more members we recruit the louder that voice becomes.”

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