The audience at a recent industry conference hosted by bond trading platform Tradeweb, heard that the adoption of a standard settlement instructions (SSI) database represented that “last big challenge” facing those seeking to realize straight-through-processing. Tradeweb has an interest in SSI through its AccountNet service, which helps firms using its electronic bond trading system to automate settlement of transactions. Industry practitioners from Tradeweb, J.P. Morgan Investor Services, Smartstream and Morgan Stanley acknowledged that the FIX 4.4 protocol had created opportunities to establish an SSI database facility. But they warned that competing players trying to solve the problem would lead to institutions treading carefully – and slowly – before significant decisions were made.
A-Team Insight Blogs
SSI Database ‘Last Big Challenge,’ Industry Participants Believe
Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to...
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This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...