277 Results
Gary Wright Analyst at BISS Research
Outsourcing collateral management appears to be an odd thing to do. Why would financial institutions outsource such a fundamental part of their operations? Bank of New York Mellon is the largest supplier of outsourced collateral management in the world and has trillions of dollars a day under its management control. It would not be going too far t...
28 September 2011 /regulation Post-Trade Forum
The UBS rogue trader has once again brought risk to the forefront of banks thinking. No doubt the usual hand wringing, system reviews and updates will be the response to the anticipated regulatory crack down. Banks around the world will be undertaking risk reviews and analysing their own operational processes and practices and as with many times p...
26 September 2011 /regulation Post-Trade Forum
It's incredible how many people still think building a system in-house is less risky and more cost effective. There are more internal developments that fail and at best come in over time and over budget and just does not do what was hoped for when the project began. Let's be realistic the majority of IT people in financial services firms think the...
02 September 2011 Post-Trade Forum
I have been debating the importance of short selling to markets and investors over the past few days and next year will be creating a debate for the Post Trade Forum on short selling. However, what has amazed me is the almost complete lack of understanding there is around about the importance of short selling. It has certainly become emotive. The...
26 August 2011 Post-Trade Forum
It’s become popular with politicians in times of great market crisis and extreme volatility to stop short selling. This naturally is never supported in the market as it undermines liquidity and opportunities of making profits. Old Jobbers (Market Makers) will know that you make money in both Bear and Bull markets but it is always more skilful in B...
19 August 2011
The recent announcement by Penson that it is undertaking a massive restructuring worldwide including selling the UK (and potentially the Australian) Back office outsourcing business could be an indicator that the existing outsourced industry is about to go into a mass change. Penson have tried to become a world supplier of back office outsourced s...
15 August 2011 Post-Trade Forum
In an industry full of risks the role of the central counterparty is perhaps the most important of the market infrastructures. The recent past shows distinctly how much firms have had to rely on CCPs when markets go into massive volatility swings. It’s not the slides so much as the swings. As massive share price rises can cause almost as much coun...
03 August 2011 Post-Trade Forum
There is a real interest growing from buy-side firms to move away from licensing software as on-going regulatory changes hit budgets hard. Many wealth managers have said to me for years that the black hole that is the IT budget is proving a drain on business development and improved investor services. It is ironic that many software firms often use...
28 July 2011 Post-Trade Forum
Outsourcing in financial services has a real chequered history. Successful outsourcing has been matched by unsuccessful outsourcing, resulting in doubt on its benefits by the majority of financial services firms. More people than I can remember have said to me over the years that outsourcing just doesn’t work, there are far too many risks and the ...
26 July 2011 Post-Trade Forum
I have spoken to many vendors over the years about their business and how prospects are looking and I usually get the same response.They are always competing with inhouse developers. This despite a growing list of failed in-house developments and a increasing list of new developments needed to be compliant. Equally I speak often to financial servi...
20 July 2011 Post-Trade Forum
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