Technology

REMIT Puts Commodities in Regulatory Spotlight

For more than a quarter of a century, commodity market participants who did not hold a banking license flew largely under the regulatory radar. Over the last four to five years, this has progressively changed as a result of the financial crisis. While most regulations enacted so far have been targeted at the derivatives market...

Navigating Novation: Key Challenges and Success Principles

In the wake of the financial crisis, many firms have reevaluated how they manage risk—with many choosing or being forced to fundamentally transform their business models. That has prompted an unprecedented amount of change in legal entity structures—often leading to large-scale migrations of trade portfolios. Firms migrating positions between legal entities is driving the need...

Sapient Global Markets Survey Results: The Impact of Central Clearing Mandates

At the Futures Industry Association (FIA) Expo in November, Sapient Global Markets conducted a survey to examine the impact of central clearing mandates on broker-dealers, buy-side firms, exchanges, FCMs, proprietary high-frequency trading (HFT) firms, regulators and sell-side firms. Check out the key results in our white paper and the FIA Survey Results Infographic.   For...

New On Forbes: Former FERC Chief Jon Wellinghoff Speaks Out on Grid Security and Distributed Generation

In his latest column for Forbes, Chip Register, managing director of Sapient Global Markets and executive vice president of Sapient Corporation, talks to the former Commissioner of the US Federal Energy Regulatory Commission (FERC), Jon Wellinghoff. Commissioner Wellinghoff has been sounding the alarm for many years about the vulnerability of the US power grid to...

Survey: Cost, Complexity Among Key Challenges of Central Clearing Mandates

In the US and Europe, central clearing and recent change in the over-the-counter (OTC) derivatives markets have focused on minimizing systemic risks to the financial system. For affected firms, mandatory clearing and associated reporting requirements are driving up costs (especially IT spending), reshaping business models and potentially compromising profitability. At November’s FIA EXPO in Chicago,...

Is the Single Dealer Platform Headed for Extinction?

The last five years have brought a proliferation of single dealer platforms (SDPs). They’ve evolved from initial pioneering efforts by leading investment banks to the mainstream delivery platform of choice for any large institution that’s serious about consolidating its products and creating a brand for its services. While SDPs have improved the experience for an...