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Front-to-Back
Designing and Changing Trade Processing Infrastructure
Discipline: Operational Risk, Regulation, Investing
Key words: Fintech, Mifid, Securities Financing Transactions Regulation (SFTR), Dodd-Frank Act, Basel III, Blockchain, European Market Infrastructure Regulation (Emir), Big data, Cloud computing, Basel II
No of pages: 336
First published:
ISBN: 978-1-78272-389-9
Investment-banking IT is outdated. It has become an obstacle to change at a time when clever, flexible and cost-effective systems are needed more than ever. With big changes across multiple regulations such as MiFID II, SFTR, Dodd-Frank Act, and Basel III market participants are having to rethink the very nature of their business and how their IT systems work.
Contents
Foreword
Introduction
Part 1: What the Infrastructure Needs to do
Trades and Products
Where do Trades Come From?
The Purpose of the Infrastructure
Typical Infrastructure
Part 2: The Problems with Trade Processing Infrastructure
The Problems
The Evolution of Technical Complexity
The Regulatory Challenges
The Complexity Cycle
Part 3: Historic Approaches to Transformation
BAU/Incremental Change
Front-to-back Re-engineering
Functionalisation, aka “Factories”
Front-to-back Systems
The Golden Middle
Simplification
Part 4: New Approaches to Infrastructure
Digital
Cloud and Utilities
Artificial Intelligence and Robotics
Big Data and Analytics
Blockchain/Distributed Ledger Technology
Distributed Ledger Technology: Hybrid Approach
Nirvana?