The impending switch to T+1 settlement in North America scheduled for May 28, 2024, has raised concerns in Europe, where market participants report a lack of international testing. Although not officially moving to T+1 just yet, Europe launched its T+1 taskforce led by the Association for Financial Markets in Europe (AFME) in March last year. In early conversations… Read More >>
Research Analysts Could Be Casualties of Unbundling
As MiFID II draws closer, there has been a spate of reports predicting the dire consequences of unbundling on Europe’s investment banks. The separation of research from execution is expected to lead to hundreds of job losses for research analysts as banks restructure their operating models, according to a new report from consultancy McKinsey. The… Read More >>
Tim Lind on T+2 and Wall Street Fines
As the blizzard bears down on the Northeast, I had the time to review the additional comments from Tim Lind, the global head of financial regulatory solutions at Thomson Reuters. He talked to me last month about his major predictions for 2015 and his main concern was the Legal Entity Identifier standard (http://bit.ly/1yWE8YV). Yet the… Read More >>
Moscow Exchange Picks Data Center Provider
The Moscow Exchange (MoEx) company has chosen Moscow-based data center vendor DataSpace to serve as its primary data center and services provider, according to a company statement. After a preliminary stage in which DataSpace will serve as a back-up facility for MoEx, the DataSpace1 data center will function as MoEx’s primary data center. As of… Read More >>
European Firms Weather T+2 Storm
The sun came up and the world was still standing after European firms made the switch from a settlement cycle of trade day plus three days (T+3) to trade plus two days (T+2) — something that had once seemed impossible to some. For many firms, the transition went off without a hitch. Other firms have… Read More >>
JPMorgan Targets ‘Too Big To Fail’ CCPs
Do central counterparty clearing houses (CCPs) take seriously enough the suggestion — made by many analysts and market participants — that they might become “too big to fail?” That question has hung in the air for years now, ever since post-crisis regulatory reforms assigned CCPs a key role in derivatives markets. Attempts to provide an… Read More >>
