Use CDM, or some business lines might die – Barclays
Without innovation – including the common domain model – some trades could become prohibitive
Bloated post-trade expenses could put some business lines on the chopping block if the industry fails to innovate – in particular by adopting the common domain model (CDM) – and slash costs, a Barclays executive warned on Wednesday.
“It will become an unacceptable scenario if this continues – cost of doing business will be too high in many product categories,” said Lee Braine, director of research and engineering at Barclays.
“That point isn’t hitting us in the teeth tomorrow, but it will hit
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