Category: Operations & Operational Efficiency

Where next for settlement cycles?

There was an interesting discussion at the Global Custody Forum yesterday, where I chaired a panel session on settlement cycles. While the migration to T+2 in Europe has gone extremely smoothly, there is now a difference between settlement periods in

Posted in Clearing & Settlement, CSD, Operations & Operational Efficiency Tagged with: , , ,

Futurisation of the OTC market

Futurisation of the OTC market   The world of derivatives, particularly over-the-counter (OTC) derivatives, is in a state of change. Prior to the 2008 financial crisis the derivative world consisted of: the OTC markets which traded bi-lateral, customised swap and

Posted in Capital Markets, Clearing & Settlement, Commodity Markets, Exchanges, Operations & Operational Efficiency Tagged with: , , , , ,

LSE outage and change of plan begs more questions

The outage on Tuesday 2nd November of London Stock Exchange’s new Millennium Exchange system at its Turquoise MTF (see FT articles here and here) has elements of the mystery thriller about it. LSE’s announcement that “human error” which ”may have occurred in suspicious circumstances” was to blame has intrigued us all but there are other open questions to ponder.

Posted in Exchange & Trading Systems, Exchanges, Information Technology, Operations & Operational Efficiency Tagged with: , , ,