software-and-technology

Data Integrity is Solved by DLT, Right? Wrong!

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data picture

June 2019 The OTC Space met with Frank Glock from Gresham Technology, which recently announced a £1.2M contract with a leading CCP to provide improved reconciliation and control tools, to talk about data integrity, distributed ledgers and regulators. Frank’s views on new technology challenge the orthodoxy of “move everything to a ledger”. We covered data formats, systems integration, ledgers, central infrastructure and the unavoidable complexity of systems.

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Single-Dealer Platforms – Moving Beyond eFX White Label

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single dealer platform

When people talk about Single Dealer FX Platforms (SDPs) a large number think about the original platforms, which were bank branded and offered to clients – names like UBS, Autobahn, AVT (remember them?) and Reuters RET

 

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Managing Connectivity in a Fragmented Fixed Income Market

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Fixed Income Connectivity

Driven by regulation and a need to demonstrate best execution, Fixed Income trading continues to evolve, becoming increasingly electronic. Whilst this benefits the market in terms of increased access and market transparency, it has also resulted in the industry-wide problem of fragmentation.

 

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Director of Product Management, £110,000pa

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There is a lucrative opportunity to join a leading market infrastructure firm as Director of Product Management.

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iPad 3 and iOS 7.0.3 is Now Ok

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My post a while back iOS 7 on the iPad | Don’t Go There (Yet) warned of problems with the iPad 3 and iOS 7.0. I have now upgraded to the most recent iOS 7.0.3 and had a happy experience, so you now have the official word from The OTC Space - go ahead and upgrade.

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Weekly Roundup | Clearing & Technology | 22 Oct 2013

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Clearing News

Leverage and CCP Capital Proposals Will Hurt Clearing

Four fifths of respondents to a new poll think proposed changes to the leverage ratio and CCP capital rules will make it uneconomical to become a clearing member. Risk.net poll: Leverage and CCP capital proposals will hurt clearing.

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First FCM completes production testing with CreditLink | Market Infrastructure

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Things are moving fast in US and the first FCM has completed its production testing with CreditLink. One of the fundamental points of CFTC regulation 1.7 provides that clearing firms and buy-side firms should be able to ensure certainty of clearing acceptance by their clearing member at the time of execution and this service offers them the ability to manage trading and clearing limits in low latency for interest rate, credit and foreign exchange (FX) swaps.

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CME SDR data leak

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The CME SDR sprang a leak,story here affecting DE Shaw & others. Update: more from Reuters, it was futures data not OTC, 500 trades. Story here

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Quants and Analysts, Beware! | 88% of Spreadsheets Contain Errors

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It has long been known in the financial industry that "spreadsheet risk" is a huge source of operational error. Even where processes are highly automated, there's always that legacy VBA/Excel tool that was built 3 years ago, and is still being used in production. The development team still haven't got around to integrating it into code yet, because it isn't considered urgent or important enough. Until an analyst forgets to hit  "Shift + F9" one day, and clients come rushing in to ask why their numbers are billions of dollars off.

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Omgeo expands ProtoColl | Regulatory Compliance

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Post-trade vendor specialist Omgeo has announced the expansion of ProtoColl, its collateral and margin management product, to cater for regulatory measures. Provisions in both the US Dodd-Frank Act, and the European Market Infrastructure Regulation (EMIR) have introduced central clearing and new eligibility criteria for collateral. ProtoColl allows for asset managers to monitor their margin and collateral requirements across the entire trading landscape, and an automated collateral-selection function which grades the available assets and suggests which to use for specific trades.

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