Brexit. The sterling crash. High-volatility events like these that took place during 2016 have pushed financial firms to take a second look at their transaction cost analysis (TCA).
But the volatility of the market hasn't been the only driving force leading firms to discuss TCA in more depth. New regulations, specifically the Markets in Financial Instruments Directive II (Mifid II), have also required firms to better measure and understand their execution process.
All of this also comes at a t
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