EquiLend says the NGT platform was developed in response to demand from buy-side firms for a consolidated platform that would increase executions, real-time bid/offer negotiation, and optimize workflow automation.
The platform captures trade conversation between counterparties, whether machine-to-machine, person-to-person, machine-to-person or person-to-machine. NGT is already in use by clients to execute trades and experiences over 28,000 trades per day, according to EquiLend.
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