Opening up the architecture

Mounting pressure from regulatory and trade bodies for securities brokers to make structured products more transparent is leading customers to demand better choices. Shamillia Sivathambu investigates the changing face of the US retail distribution space

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Open architecture is a concept that has preoccupied product providers and distributors in Europe for some time. There exists a general consensus that the European market is making strides towards achieving either full-blown open architecture (institutions selling their own and competitor's products) or, at the very least, guided architecture (institutions partially selling third-party products).

The situation is markedly different in the US, however. It is widely assumed that providers must have

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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