As Waters noted in a past examination of levereaged loans and CLO technology, these specialized debt markets lag significantly behind their peers in terms of operational efficiency.
A combination of boom-and-bust cyclicality, legal complexity, and general lack of impetus in such a niche market means that trade settlement can take, on average, at least two weeks. Bigger, more bespoke deals will range into months — plural.
The industry is once again hitting the boom side of the cycle, though. Leve
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails