BGI’s IBOR System Offered Strengths, But Also Weaknesses

The BST European Summit 2013 was held in Whitehall, London.

"As far as I remember, I was in the first meeting where the term IBOR was used, around 2003 at Barclays Global Investors," says Rushman, a former managing director at BGI, and later BlackRock. "We'd had a lot of success in building an investment database in London, and we took that in 2001 to San Francisco quite successfully."

The IBOR system, named Common Platform (CP) in the US and Aria in the UK, essentially kept a consistently updated record of securities positions that the firm had a