Buy-side ‘aware and worried’ about T+1 as implementation and testing ramps up
Europe and Asia Pacific firms are honing their focus in recent months amid mounting pressure surrounding the shift to T+1 in North America.
Europe and Asia Pacific firms are honing their focus in recent months amid mounting pressure surrounding the shift to T+1 in North America.
Recommendation from the Division of Market Oversight (DMO) and Division of Data (DOD) relates to swaps transitioning from USD LIBOR to risk-free rates.
Departing individual originally joined Liquidnet as an equity trader in 2015.
Move comes as the exchange launches two new options products based off its investment grade and high yield corporate bond index futures.
The move comes as the buy-side are increasingly seeking higher quality data from liquidity providers; Mizuho will distribute axes for investment grade and high yield corporate credit.
Following roll-out, Capitolis plans to add additional banks into future FX Smart Clearing exercises.
Buy-ins to be a last resort, T+1 to be explored, and CSDs to be pleased to see financial and regulatory burdens reduced as part of drive to improve settlement efficiency.
Access to liquidity from multiple sources in a single blotter is the main benefit of an execution management system (EMS) in electronic fixed income trading, according to survey.
Surge comes as SEC logged a record $6.4 billion in penalties last year.
Asset managers see financial market volatility as a top industry challenge for the next three years; yet 84% expect AUM to grow irrespective of market valuation fluctuations, finds Northern Trust report.