Post-Trade Forum

The Post Trade Forum's aim is to propagate debate and discussion between senior practitioners in Post Trade Operations in the global securities market; to bring about increased awareness and knowledge across both buy-side and sell-side financial institutions in financial products and be a focal point for firms and practitioners to air views.

Gary Wright Analyst at BISS Research

Will M and A be hit; or is it business as usual?

Last week I attended a breakfast meeting at Cass Business School, a heavyweight panel consisting of Lord Lyndon Harrison, Chairman of the Lords’ Committee For Economic and Financial Affairs and International Trade, Professor Scott Moeller, Director of the M&A Research Centre, Cass Business School, Frances O’Grady, Deputy General Secretary, TUC...

09 November 2011 /regulation

Gary Wright Analyst at BISS Research

What's the point of MTFs?

When MiFID was written one of its objectives was to create increased competition to the Stock Exchanges. The view being that the Stock Exchanges were operating in what looked like a monopoly and with mergers they would be creating further monopolistic positions. This was considered bad for investors as it limited choice and forced acceptance of th...

07 November 2011 /sibos /wholesale

Gary Wright Analyst at BISS Research

Beware of Greeks Bearing Gifts!

No sooner than the Eurozone crisis appears to be moving into calmer waters than another shock wave hits. Only a week ago it looked like Merkel and Sarkozy had agreed a deal to buy some time to ultimately solve the Eurozone crisis and now it looks like the whole thing is going to collapse. I know a week is a long time in politics but this is becomi...

02 November 2011 /payments

Gary Wright Analyst at BISS Research

Things to come

The MiFID review as expected is going to clobber the existing market causing massive changes in the execution and post execution of trades. Many people outside of trading will be very worried about the long term impacts on their business. While investors should be feeling a warm glow, as they will be finally be sure of getting a good deal. Attacks...

24 October 2011 /sibos

Gary Wright Analyst at BISS Research

Now is the winter of our discontent

This October, it’s 25 years since ‘Big Bang’ and with the current global financial and economic disaster inflicting everyone on the planet and protests against capitalism worldwide, a reflection on the last 25 years is called for. There has been many market and economic downturns over the past 25 years. They are a regular occurrence. Like winter t...

20 October 2011

Gary Wright Analyst at BISS Research

Outsourcing:The loss of knowledge

The last Post-Trade Forum debate was all about the pros and cons of outsourcing v internalisation. A cross industry panel of outsourcing experts debated with an audience of equal experts and thrashed the topic to arrive at some really interesting conclusions and observations. Not least was operational memory loss. This knowledge can be expensive t...

19 October 2011 /regulation

Gary Wright Analyst at BISS Research

Data: the need to take out the cost

According to the latest research over half of the world’s population is now connected by the Internet. Most of this connectivity has been achieved within the last decade with the remainder of the modern world likely to have some form of connection within the next decade. This is an almost unimaginable result and sets a base level to which business...

14 October 2011

Gary Wright Analyst at BISS Research

Risks at UBS: Is it a honour story?

It's a fact that risk systems are only as good as the people that monitor them. This has to be a board level down responsibility and it's good that UBS has received the resignations of two top managers. However, the breakdown has to be far deeper and it's hoped UBS will not only punish those caught up in the fraud but come clean on how they manage...

07 October 2011

Gary Wright Analyst at BISS Research

Corporate Data: What a Mess!

Getting good accurate corporate data within an acceptable time frame for the market to make decisions and act you would think was problem that disappeared years ago. The fantastic increase communication efficiency, the scope of media coverage and the introduction of electronic message standards are all plus points that should have already eliminat...

06 October 2011 /sibos

Gary Wright Analyst at BISS Research

The People Factor in Post-Trade Risk

Not surprisingly the risk focus for the finance industry has mainly concentrated on the front office but this is not even half the story of the actual risks that firms are taking, which inevitably get passed onto the investor. A major area of risk is in the corporate actions process. During years of research and personal experience, I have found th...

04 October 2011