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The SEC’s decision to apply Dodd-Frank rules to overseas derivatives trading will add significantly to the to-do list for the back-office. The good news is that Ops managers will play a greater role in advancing derivatives processing.
Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management. Life is much different now for Brodman,...
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