Earlier this year, industry association ISITC released market practice recommendations for communication of standard settlement instructions (SSIs). The group created a standard template that is set to enhance consistency and reduce risk within the settlement process. This much-needed development, coupled with the changing economic environment, is now starting to result in more discussions about SSI automation.
Poor SSI data is estimated to be the number one reason for failed trades. Each time a
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails