BGI’s IBOR System Offered Strengths, But Also Weaknesses

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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."

CP-Aria
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