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
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails