Market Structures

This blog collects thought leadership from SunGard’s market structure experts, looking at how transparency, efficiency and networks are shaping the future of this critical area of financial services. For more of SunGard’s views, see http://blogs.sungard.com/ten/

14
May
2012

Death by liquidity

Contributor: Rich Chapman

"Shortage in liquidity will kill you instantly and excess liquidity will kill you over time" is a well-known industry saying which serves as a very real warning to banks across the globe of the dangers of poor liquidity management. These dangers are highlighted even more starkly by the waves of change that are washing over the banking world, ranging from Europe’s painfully drawn out debt issues to last month’s revelations that four major US banks failed their latest rounds of stress tests. All in all, banks’ liquidity management strategies (or lack of) are very much under the spotlight. ... read more

9
May
2012

The promise of Malaysia

Contributor: Nasser Khodri

If any country epitomizes the wilder side of capital markets trading in Asia, it’s Malaysia. But there are signs that Malaysia is ripe for a bit of refinement, which would give this dynamic country the focus it needs to be more competitive in global markets.... read more

26
Apr
2012

Regulatory spotlight: ESMA guidelines on market abuse and surveillance

Contributor: Magnus Almqvist

The passage of the Dodd Frank Act, the Market Abuse Directive (MAD) and MiFID, as well as the newly issued Guideline 2012/122 from the European Securities and Markets Authority (ESMA), which covers algorithmic and direct market access (DMA) electronic trading, is clear evidence that the regulation of financial markets continues to go through unprecedented rate of change.... read more

18
Apr
2012

Mobile market data: New opportunities for capital markets and asset management firms

Contributor: Oliver Muhr

SunGard conducted a survey late last year to better understand how banks and financial institutions are adopting and implementing mobile market data solutions. Smartphone usage and adoption continues to grow. Research and consulting firm Celent [i] estimates that in 2012, Smartphone units will grow 35% (to 620 million units). For financial firms, mobility is still a technology that can be leveraged to capture new business and maintain a leadership position. Capital markets firms are leveraging the technology to provide their institutional trading clients with commentary and market insights while wealth management firms are providing account information, data, trading and research information to their wealth management clients.... read more

12
Apr
2012

LEI projects need more clarity and attention to fast-track implementation

Contributor: Alfred Sanders

The Legal Entity Identifier (LEI) standards requirement contained in the Dodd-Frank Wall Street Reform Act has been largely overlooked in light of other priorities contained in the law. Yet, it is potentially a change that will require a significant amount of system and data changes for the industry. LEIs are a new concept that would provide industry regulators with additional transparency and risk management of exposure by being able to match open positions of individual legal entities across multiple market participants.... read more