About The Post Trade Forum
Global Securities Markets have many different
committees, all set up to try and bring efficiencies in post trade operations. There is a strong concentration of effort on
electronic message standards and the numerous issues around data and communication standards. With the reduction of risks
and costs always being a prime objective in any of these initiatives and of course regulatory compliance. Many committees are run from vertical industry standpoints. For example Equity focused
initiatives only sometimes overlap with broadly similar initiatives in Fixed Income or Derivatives. This reflects the vertical
nature of firm's operational structures and systems. There are also
many trade groups that work diligently to support their member's interests in either the retail or wholesale markets.
However, there is a lack of unity of interests, across the securities industry with an inability to share knowledge and information
to form debates to bring about conformity of understanding.
B.I.S.S. Research and Finextra have collaborated to produce a series of
Post Trade Forums, where issues can be aired
and debated. Following each event a report will be issued, which will feature a write up of the debate, together with the
analyst's opinions and conclusions. This will only be made available to attendees of the event together with Members of
the PTF Group on LinkedIn.
Join The Post Trade Forum Group on Linked In
To facilitate further debate, a Post Trade Forum group has been
set up on LinkedIn this will be linked to various other social networking and blogging sites. These blogging and networking
sites will be used to disseminate information around the globe. Membership of The Post Trade Forum Group on linked in is encouraged, but is only open to people
holding senior management positions within regulated Financial Services firms. To join the LinkedIn
group and request prior approval email: email@example.com
How can suppliers get involved?
The events offer an excellent opportunity for sponsors to get involved with key industry topics, discuss financial
markets issues with industry thought leaders and reach out to a focused and qualified audience.
further details please visit the Finextra Website
Next Post Trade Forum - 25 Sept: Is
Identity Management the answer for meeting operational, legal
and regulatory needs?
Legal Entity Identifiers (LEIs) and Counterparty Risk have been brought
to the forefront for financial markets, whether in payments, securities or to comply with legal obligations for anti-money
laundering or fraud detection. The creation of a global legal identifier has long been seen as a primary tool to protect and
detect. The introduction of LEIs in the USA for OTC regulatory reporting is beginning to reveal the full scope of the benefits
that implementation of LEIs can bring. It's now becoming clear that LEI is far more rounded and important to the needs
of financial services.
The financial stability board (FSB) published its report in June,
outlining the proposed structure to accelerate the implementation of LEIs across all financial markets and products. The design
of the LEI code has already been agreed and timescales for implementation aggressive, with end 2012 muted, but it certain
2013 will see most development.
It's not a new issue for the industry but what has changed
is the impetus given to introducing LEI by regulators looking to build a comprehensive reporting capability. Regulatory reporting
is a cost burden for financial services firms and LEIs will be very welcome in reducing costs after the initial development
at least. However, LEI benefits go way beyond reporting and the business benefits could be extremely high; for example the
potential of industry wide STP bringing together the retail investing community with the wholesale markets. Operational risk
reductions and the capability of closing operational loopholes in money laundering and financial fraud are other areas and
these benefits will span into payments and even insurance. The full range of businesses that can gain from LEIs is long ranging
from corporates, through to the treasury and payments world, to securities and capital market products.
The Post Trade Forum has created a debate with leading players involved in the establishment of LEIs, which will
flush out all the strengths and weaknesses of the new standard, culminating in a clear business case for early adoption without
regulatory enforcement. This is a debate that you cannot afford to miss that for the first time details the overall benefits
of LEI and how it will change the financial markets ability to serve and protect. 26 June 2012 Post Trade Forum Debate:Is T2S beneficial
to the market and investors? European market structures have
been changing continuously for over a decade. Some changes have been forced by economic considerations, some through opportunity
and many because of political and regulatory enforcements. We are left with a complex and still changing market structure
which is an on-going cost burden for financial services firms and investors.T2S is a major ECB project which is central to
reforming post trade operations in participating countries, but what will be the benefits to brokers and their clients/investors?
What will be the costs and are there new risks that will be created as some old ones disappear? What system and process changes
will be required and will a cost benefit analysis convince the board for budget allocation? What is the end game and how soon
will markets stabilise into a structure that services the needs of corporates and investors and achieves the objectives of
cost and risk reduction?
A report on this debate is now available,
to attendees and members of the Post Trade Forum Group on LinkedIn, which is only open to employees of regulated firms. Click on the link above for further information and login to access this document now.
14 April 2012 Post Trade Forum Debate: Operational Risks: Are Clearing Houses increasing risk? The myriad of Clearing Houses and CSDs in Europe have caused fragmentation of collateral
with OTC entering the picture, increasing the value within clearing operations, there is growing concern that a Clearing House
could fail. If Clearing House consolidation gathers pace will there be a greater concentration
of risk directly leading to an increased risk of huge numbers financial services firms being impacted and failing? How should firms respond to the potential calamity of Clearing House failure? Are there actions they should be taking now to minimise operational risks in the Post Trade areas?
A report on this debate will be available shortly, to attendees and members of the Post Trade
Forum Group on LinkedIn, which is only open to employees of regulated firms. Click on the link above for further information and login to access
this document now.
29th November 2011
Post Trade Forum Debate: MTF's versus Stock Exchanges - The future of the European Securities Markets MiFID has changed the map of the European securities markets with an array of multi-lateral
trading facilities (MTFs) competing directly for executions with traditional stock exchanges. MTFs have attracted significant
volume from the stock exchanges and forced them to re-evaluate their business models. What lies ahead for both stock exchanges
and MTFs as the market waits to see the impact of the MiFID review? Hear from Nicola Horlick, CEO, Bramdean Investment Management,
Brian Winterflood, Life President, Winterflood Securities, Kevin Milne, Director POst Trade Services, LSEG and Hirander
Misra, Managing Director, Misra Ventures (former co-founder and COO of Chi-X Europe).
report on this debate is now available, to attendees and members of the Post Trade Forum Group on LinkedIn, which is
only open to employees of regulated firms.Click on the link above for further information and login to access this document now.
27th October 2011 Post Trade Forum
Debate: Data Standards v Technology to mitigate Corporate Actions Risk The third Post Trade Forum, sponsored by
SmartStream took place in October 2011 at the London Stock Exchange, with leading industry experts presenting the
pros and cons of data standards versus technology to mitigate corporate actions risk. A lively debate ensued with contributions
from; Edwin De Pawu, Director, Euroclear, Alan Wells, Deputy head of Operations, Butterfield Private Bank, Daniel Thieke,
VP, DTCC, Alan Jones, Senior Product Manager, SmartStream and members of the audience.
report on this debate is now available, to attendees and members of the Post Trade Forum Group on LinkedIn, which is only
open to employees of regulated firms. Click on the link above for further information and login to access this document now.
29th September 2011 Post Trade Forum Debate:21st Century Outsourcing v Internalisation The
second Post-Trade Forum debate took place in September, 2011 at the London Stock Exchange and included contributions from;Alistair
Reid, formerly COO of Thornhill Investment Management, Chris Sims former Head of Investment Operations at Gartmore Investment
Management, Jean-Louis Bravard, director of Burnt Oak Partners, formerly MD at JP Morgan and Dr Robert Davies, Senior Visiting
Fellow at Cass Business School who had an interesting take on how the future might look in 2016.
The report on this debate is now available to attendees and members
of the post-trade forum group on linkedin. Click on the link above for further information and login to access this
23rd June 2011 Post Trade Forum
Debate: The Future of Clearing Houses in Europe The inaugural Post-Trade Forum debate took place in June, 2011 at the London Stock Exchange
and included contributions from; Iain Saville CBE, Kevin Milne, Director of Post Trade Services, London Stock Exchange Group,
Henry Raschen, Head of Regulatory & Industry Affairs for Europe, HSBC Securities Services and Anthony Belchambers, CEO
of The Futures and Options Association, with a number of questions and views from the floor. The debate was held under the ‘Chatham House Rule' with an audience of senior managers,
drawn from many different areas of expertise and with varied experiences, from a cross-section of the market, enabling a wide-ranging
industry debate, covering a broad sector of the securities markets. This
debate has been split into two papers which report on the topics discussed during the debate, which have been grouped for
easy reading and express the personal opinions of all participants.
The report on this debate is now available to attendees and members
of the post-trade forum group on linkedin. Click on link above for further information and login to access this document