Isda pushes for automated trade verification for derivatives

Isda has called for automated trade verification, legal confirmation and execution capabilities for a range of derivatives products to be installed throughout the industry by June 2005. The association says the move will reduce operational risk and enhance productivity for all parties.

Robert Pickel, chief executive of Isda, conceded that the target was not achievable for all member firms, but he insisted that a commitment by the larger businesses would help to drive the smaller, less techno

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