Utility is success? Row brews over futures post-trade workflows

Industry confronts competing models and hard questions in search of better allocations workflow

“Utility is success,” Thomas Edison once claimed, arguing he wasn’t motivated to invent things that didn’t sell well: if no-one used them, what was the point?

Firms with competing visions of a more robust post-trade architecture for futures and options might bear this in mind. Market participants think standardising trade allocations could prevent a repeat of the chaos that resulted from the thousands of trade breaks witnessed during last year’s Covid volatility, with many calling for a new