A summary of some of the past week's financial technology news.
Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
A summary of some of the past week’s financial technology news.
Waters Wrap: The Problem with Big Ideas (and Some Ramblings on Virtual Desktops & Tech's Blurred Lines)
Isda's CDM leaves banks questioning the way forward; the rise of virtual-desktop infrastructures; generic business intelligence tools become more popular.
The platform will allow users to look up the latest definitions as they execute a trade, with the option to access code for certain definitions using functionality already developed in the Common Domain Model (CDM).
A look at some of the key "people moves" from this week, including Keith Tippell (pictured) who joins CLS as head of product.
The trade association is looking to offer its Common Domain Model to rulemakers.
While real blockchain rollouts are still few and far between, some firms made progress in 2019. Here are 18 projects in some stage of development.
As the final phase of the IM implementation for non-cleared derivatives has been split into two parts, questions emerge on whether tech preparations will stall.
Despite technological advancements, the onboarding process is still a slog. Banks and vendors are trying to change that.
FpML has been a key enabler of automation in the derivatives industry, but its value could be further enhanced by providing value-added web services with open connectivity.
As regulators and industry bodies ramp up efforts to deploy machine-readable models for derivatives reporting, adoption of industry-wide standards has more than a few challenges to overcome.
ISDA's Common Domain Model (CDM. 2.0) aims to standarize regulatory reporting and bring greater automation to derivatives trading.
The event specification module will allow for a common DAML library that references machine-executable trade lifecycle events.
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
Tech providers are emerging from all corners as the final phases of initial margin rules closes in, which are expected to capture over 1,000 buy-side and sell-side firms over the next 18 months.
Isda joins forces with AcadiaSoft as the industry prepares for the final phases of the initial margin deadlines.
The vendor will be responsible for publishing the compound setting in arrears rate and the spread adjustment based on historical data, following the discontinuation of IBORs.
The final phases of initial margin rules are expected to capture over the next two years more than 1,000 buy-side and sell-side firms, which technology providers see as potential customers.
New subcommittee will review and work to implement recommendations from the ISO standards working group.
Plans to shelve a commonly cited statistic for the size of the derivatives market make sense, but may prove harder to accomplish than many realize.
The electronic blueprint sets out a standardized framework for the derivatives trading lifecycle.
The upcoming FRTB market risk framework allows financial firms to take different approaches to non-modelable risk factors: either capitalize risk factors that lack observable pricing in-house, or use a vendor-run data pooling utility. But, as Dan…