IHS Markit survey outlines challenges and opportunities in post-trade reform
09 December 2021 UK
Image: AST
IHS Markit, in collaboration with Asset Servicing Times, is pleased to announce the launch of its Post-Trade Securities Processing survey whitepaper.
The whitepaper takes an in depth look at how participants within the post-trade space are seeking to improve operational efficiency — no longer relying on inefficient legacy systems.
In the paper, experts from IHS Markit, Citi, DTCC, Standard Chartered, and BNY Mellon explore the trends and challenges in the post-trade space, and how new technologies and automation are helping firms deal with this continuously progressive environment. The key results from the survey are also revealed.
This comes as custodians and universal banks face new challenges, including managing higher transaction volumes, competition, and evolving client expectations. These must be addressed while implementing a wave of regulatory amendments, alongside external pressures resulting from the ongoing COVID-19 pandemic.
As new regulations are introduced, the burden on the post-trade space is constantly evolving, affirms the renowned information provider.
With these developments, traditional forms of processing need to be evaluated to see how they can handle increased volumes, IHS Markit adds.
Commenting on the whitepaper, and the survey findings, Bill Meenaghan, director of product management at IHS Markit, says: “Digitisation of assets and the processes that support post-trade today are beginning to happen, but will take several years to make an impact. The potential is a much more efficient market for all clients with minimal settlement issues.”
“The introduction of T+1 within the next couple of years is also something on the horizon that will drive the need for improvements. Oversight of the settlement process, including more real-time information about potential problems, will be key to improving settlement rates.”
He adds: “The impact of COVID-19, combined with the threat of regulations, mean that the time for urgent technological improvements in the middle- and back-office is now, via managed services and more standardised/monitored services.”
The whitepaper takes an in depth look at how participants within the post-trade space are seeking to improve operational efficiency — no longer relying on inefficient legacy systems.
In the paper, experts from IHS Markit, Citi, DTCC, Standard Chartered, and BNY Mellon explore the trends and challenges in the post-trade space, and how new technologies and automation are helping firms deal with this continuously progressive environment. The key results from the survey are also revealed.
This comes as custodians and universal banks face new challenges, including managing higher transaction volumes, competition, and evolving client expectations. These must be addressed while implementing a wave of regulatory amendments, alongside external pressures resulting from the ongoing COVID-19 pandemic.
As new regulations are introduced, the burden on the post-trade space is constantly evolving, affirms the renowned information provider.
With these developments, traditional forms of processing need to be evaluated to see how they can handle increased volumes, IHS Markit adds.
Commenting on the whitepaper, and the survey findings, Bill Meenaghan, director of product management at IHS Markit, says: “Digitisation of assets and the processes that support post-trade today are beginning to happen, but will take several years to make an impact. The potential is a much more efficient market for all clients with minimal settlement issues.”
“The introduction of T+1 within the next couple of years is also something on the horizon that will drive the need for improvements. Oversight of the settlement process, including more real-time information about potential problems, will be key to improving settlement rates.”
He adds: “The impact of COVID-19, combined with the threat of regulations, mean that the time for urgent technological improvements in the middle- and back-office is now, via managed services and more standardised/monitored services.”
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