How to Achieve Operational Control in the Fragmented OTC Derivatives Landscape?
7 October 2014 – 9am EST (NYC) 2pm BST (London) / 3pm CET (Paris/Berlin) register
In a webinar, a panel will discuss the need for firms to harmonise OTC derivatives processes, both internal and external, to achieve greater operational control and the transparency necessary to comply with financial regulation and keep up with ongoing market change.
The OTC derivatives industry has undergone significant transformation in recent years as a result of new financial regulation and the introduction of more parties and processes in the post-trade processing chain. Mandated central clearing and trade reporting, for instance, introduce new processes for firms that impact the way data is managed, enriched and distributed across various functions. The result is trade processing workflows that are ever more complicated, fragmented and at risk for breaks and processing errors.
In a webinar, a panel will review what a harmonised post-trade workflow looks like and discuss clear tactics and strategies for gaining greater control internally of data, messaging, connectivity and related processes. Attendees will also hear how other firms are working to ensure their middle and back offices are scalable and ready for inevitable future changes in the industry.
The panel will review strategies for:
• Managing the complexity of external processes including connectivity and data flow for execution via SEFs/OTFs, clearing via CCPs, trade reporting via Trade Repositories and for collateral providers
• Improving internal workflow and data quality to assist in the harmonisation of processes across business silos, reducing manual intervention and establishing a more transparent and consistent approach to managing trade data and related middle-office functions.
• Establishing flexibility where it is needed across the processing chain to support future market-wide changes including the introduction of more clearable products, consequent volume increases and new regulation
The audience will have the opportunity to ask the panel questions throughout the event.
Hugh Daly, CEO, Message Automation
David Field , Managing Director, The Field Effect Limited
John van Verre, Head of Global Custody, HSBC Securities Services
Mark Croxon, Global Product Manager for OTC Clearing, Nomura
Moderator: Julia Schieffer, Founder & Editor-in-Chief, DerivSource
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