Setting the Standard: Derivatives Industry Looks to Machine-Readable Technology

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.

derivatives-reporting-waters0619

Investment firms have been banging heads over standardization problems for decades. Yet the recent efforts to establish a common model for derivatives trading is bringing to light the sheer scale of implementing industry-wide standards across all reported instruments in the future. 

“To do this industry-wide, it would cost billions of dollars to implement and I don’t think I can see it happening,” says Matt Hampson, deputy chief digital officer at Nomura. 

Nevertheless, the industry is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here