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The Trading Mesh

TradeTech Blog's Blog

Less Than a Third of Asset Managers are Prepared for EMIR

May 7, 2013 Comments (0)           

With regulatory pressure on the increase, the entire financial industry is seemingly on tenterhooks to see just how these new directives from EMIR to MiFID II, Basel III to Dodd Frank, will pan out. The result of this uncertainty? Lack of preparation. According to a report from consultancy Celent titled ‘Impacts of EMIR for the Buy-Side: The Greater Good, But a Greater Cost’, less than one third of Asset Managers are prepared at the operational level for the changes in post-trade...

How to Prepare for New Financial Legislation

April 15, 2013 Comments (0)           

Financial companies need to constantly keep up to date with legislation in the sector or they could face strict financial punishment, along with potentially disastrous reputational damage. Bosses will be aware of MiFID II and the need to adjust their operations to stay within the new law, but it is crucial that they prepare for the regulation properly, taking into account all the amendments it will make to their operations. As part of the law, the scope of MiFID II will be extended to include...

I’m an Asset Manager – Get Me out EMIR!

April 8, 2013 Comments (0)           

As the world moves beyond financial crisis finger-pointing and steams ahead towards relapse prevention it is clear that like it or not, new regulations in trading must be, and indeed are being applied. In particular there is a keen focus on OTC Derivatives and the need for them to go through a central clearing house with the intention of removing systemic risk, the chain reaction caused by a financial institution defaulting. Should that happen, the clearing house (CCP) would step in to ensure...

Is Basel III creating a House of Cards?

April 5, 2013 Comments (0)           

Basel III is on its way, despite all the delays and setbacks, and if you deal in OTC derivatives it could mean a big impact on your treasury systems as they will now play a even more critical role in making your OTC trading strategies work, without falling foul of Mr Regulator. Without spending too much time on the history lesson, the momentum for Basel III to happen came from the aftermath of the financial crisis  to try and bring some level of security to gambling with other people’s money by...

Making MiFID II Work: For You and the Regulators

April 2, 2013 Comments (0)           

As anyone with any involvement with financial markets knows, MiFID II is powering on and is set to make huge changes to the equities space. It therefore goes without saying that anyone who has a say in what those changes are going to be is worth listening to. With that in mind, we were delighted to be given an opportunity to speak with Mikkel Steen Madsen, former Co-chair for the Council negotiations on MiFID II and MiFIR, and member of ESMA’s Secondary Markets Standing Committee. Mikkel...

How can companies prepare for Dodd Frank and other regulation?

March 28, 2013 Comments (0)           

Financial companies are faced with an onslaught of regulation, and it is important they prepare properly for these legislative changes. At the moment, much of the planned regulatory implementations are difficult to gear up for, with organisations receiving scant information about how it will impact their operations. One of the key laws that could impact businesses is the Dodd-Frank financial reform act, which aims to introduce more transparency and reforms to the derivatives market and is being...

Compliance Is A Four Letter Word

March 26, 2013 Comments (0)           

But it doesn’t have to be. For the most of us, adhering to rules is a restriction – falling into line gets in the way of getting what we want, when we want, how we want, at the price we want, isn’t it? Perhaps not. In fact, according to an increasing number of Compliance Officers (and by no means limited to the financial services) paying attention to the rules – or perhaps creating the structure and environment to make adherence simpler/more automatic – can not only make your company more...

The Rising Importance Of Collateral Management

March 21, 2013 Comments (0)           

As an expert with a broad track record of bringing market expertise to businesses and making them fly, Marcus Hooper, MD of Market Acumen, is very much on the bleeding-edge of trading trends and technologies. So of course we approached him ahead of one of his debates at the conference to find out what he thinks the biggest changes are in the markets right now and gives us his opinion on if they are going the right way. Collateral Management has been largely considered as a background or after...

The COBA Project – The Solution to a Euro-Consolidated Tape?

March 18, 2013 Comments (0)           

If you are in trading (particularly European equities) and you haven’t heard about The COBA Project or don’t know what it is, you should do – and of course we at TradeTech are here to help!
The group is set up with the sole purpose of solving the problem of a pan-European consolidated tape and much of what they recommend will end up in the final product being brought in by MiFID II.
To explain more about it, how they envisage it working, how they’re getting the...

The Compliance Boom – Are You Part of It?

November 28, 2012 Comments (0)           

With the current economic climate continuing to be rather less than bullish, for the most part the job market in the financial services is somewhat subdued to say the least. However, this is not the full picture; one other resulting reaction to the downturn and the microscope held to the entire industry, has been the swathe of hard-hitting, transparency and compliance-focused regulations. As a result, while other departments may be downsizing, as unglamorous as it may seem, today it pays to get...