Hedge funds are reliant on technology to transact business electronically and to monitor market movements. As a result, the implications of system failure – for example if information feeds to operations are cut – have the potential to be ruinous, which means that firms need to develop and deploy measures to manage the risk of downtime. However, with limited resources, this is becoming more challenging.
In recent years, hedge funds have moved away from one-dimensional operating systems, such
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