Salerio's clients will now be able to choose between Omgeo's central trade manager (CTM) platform and Swift's global electronic trade confirmation (GETC) software─a choice Salerio's CEO Bruce Hobson believes will increase competition and save firms money.
"We recognize that there's no absolute guarantee that there will be 100 percent service availability from any vendor, so we're providing the market with an alternative," he says. "If you only have one vendor and outages happen, your systems go
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails