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Today, SIX Securities Services and Citi Global Transaction Services releases its new Post-Trade Report. The document, based on discussions held during SIX Securities Services’ post-trade forum, hosted by Mondo Visione, provides analysis and insight into the challenges and opportunities facing the post-trade industry. From the ideal post-trade governance model through to thoughts on CCP interoperability, the report discusses the key issues in the post-trade space.
As the post-trade industry faces a significant period of change, SIX Securities Services and Citi believe that the post-trade world is at a cross-road, requiring informed debate about the role of infrastructure providers and how market participants interact with them.
According to Thomas Zeeb, chief executive officer, SIX Securities Services, “The time has come in the post-trade industry to move away from debates based on vested interests. Rather, focus should be placed on aligning the views of all participants in order to drive further efficiency. Regulation and the emergence of competitive platforms are providing a reality check for the post-trade industry that infrastructures exist to make their clients’ lives easier, more efficient and cost-effective.”
Tom Isaac, global head client and sales management, intermediaries, Citi, added “Suppliers in the financial value chain will have to innovate in order to get a dividend out of the changing post-trade infrastructure. Industry players have the chance to change models – as they did with Turquoise, Chi‑x and Markit Boat. The Mifid regulation was a stimulant to these changes but they weren’t completely driven by it.”
