Trading Systems Insights

There is a disconnect between associations and market participants over the use of a Master Regulatory Reporting Agreement (MRRA) for European Market Infrastructure Regulation (Emir) and Securities Financing Transactions Regulations (SFTR) reporting. Some say the standard format of contract will make agreements easier. Others suggest the... read more

After more than a decade of intensifying regulatory scrutiny, and calls for greater transparency across financial markets, it is striking that so many capital markets participants are still mired in compliance-related IT and data complexity without an end in sight. Ultimately, this is because they have not solved some fundamental trade data... read more

Effectively managing and storing trade data will ensure that technology used to comply with current regulations remains usable for future requirements, says the chief product and engineering officer, Calypso. “[Having] data in a consistent format, where applications dealing with different product types, different parts of the trade life... read more

“The only thing worse than training your employees and having them leave, is not training them and having them stay,” said Henry Ford, founder of the Ford Motor Company. The financial landscape is shifting at a rapid rate, barely recognisable from half a decade to the next, so naturally, many banks are forced to update their systems... read more

It is no secret that financial firms across the spectrum have struggled to grapple with the influx of regulations over recent years. Just in 2018, more than 1,000 investment firms fell short of their transaction reporting obligations under Mifid II. Poor, untimely and inadequate data has also been cited as a continuous challenge by the regulator.... read more

CSI appoints new CFO US-based computer services firm CSI announced on December 13 that Brian Brown has been appointed as the company’s chief financial officer, with immediate effect. “I am pleased to announce that Brian Brown has been named CSI’s new Chief Financial Officer,” says Steven Powless, chairman and... read more

Over the past year credit risk has accumulated across portfolios, volatility in market rates has led to increased levels of interest rate risk, and yield curve inversions have become a serious concern for banks. Operationally, retail banks have had to adapt to difficult conditions in the face of mounting competition and pressure on bottom lines.... read more

Previously a senior software engineer at Google, William Montgomery brought unique insights into developing large scale cloud infrastructure with him when he joined Thought Machine as chief technology officer. We caught up with Montgomery to discuss the move away from legacy systems and how banks are looking to the cloud. What previous... read more

The menace of trade-based money laundering (TBML) is an increasing, yet often under-reported, financial and reputational risk to banks and a growing concern to governments and regulators. Transnational crime is worth up to $2.2trn each year and much of it is facilitated by various forms of trade-based money laundering. A PWC report stated that... read more