We are officially in the dead of summer. In New York, we're getting into the triple-digits—Fahrenheit, of course—and the thermometer is about ready to pop.
Now is as good a time as any to go away on vacation—which is what many in the industry will do as we head into August. This is a good plan, because not only do you get a chance to beat the heat; everyone in the industry is going to need a few weeks to unwind and mentally clear their heads, because starting in September, the regulatory push will hit a fevered pitch.
"It's really about getting your ducks in a row," Thomson Reuters' Fredrick Scuteri, the vendor's US head of hedge fund markets, told me recently when I asked him how his clients are preparing for the autumn.
Then yesterday I met with Tony Freeman of Omgeo for lunch. Freeman, who is executive director of industry relations for Omgeo, says there's even a bit of a wait-and-see attitude among buy-side participants on the other side of pond as firms wait for final rules regarding transaction settlement cycles and clearing-versus-non-clearing rules. (BST will have a podcast on the latter with Tony in the near future.)
And earlier this week, we had members of TowerGroup, SimCorp and Sapient Global Markets join us to discuss a litany of topics surrounding the buy-side space in the context of the changing regulatory environment. (You can view the video here.)
The point is this: There's a lot of change knocking at the door, so get your rest and relaxation in now while you still have the chance.
Just remember that if I call looking for an interview, I don't care if you are marlin fishing in the Caribbean—you better take the time to return my call!
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails