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…
In addition to its work with Isda, the fintech startup also has projects in the works with ING Bank and the FCA.
European trade group releases report highlighting the challenges and opportunities associated with building industry utilities.
Isda is hoping that the CDM will bring increased automation and efficiency to the derivatives market, and has tapped a fintech startup, REGnosys, to lead the project.
2018 is the year when large numbers of participants in the derivatives market expect to see emerging technologies being integrated into their existing technology ecosystems
Systematic internalizer registry aims to help firms with trade reporting obligations under Mifid II.
The influence of regulation and new technology is prompting a hard look at how post-trade processes can be improved, and perhaps even replaced entirely.
Next September, Phase 3 firms will be required to post initial margin for all non-cleared derivatives transactions.
The European Commission and the wider industry are turning their eyes to post-trade practices
Blockchain is over-hyped in many instances—but perhaps not this one