The OTC Derivatives market continues to evolve rapidly. However the nature of this change is somewhat different from the growth in volumes and broadening of product types that typified the years leading up to the crisis of 2008. Since then we have seen a marked shift towards addressing post trade processing inefficiencies and operational risk.
The regulators are fiercely and determinedly pushing the industry to lower counterparty risk and increase transparency. This is changing the landscape radically for OTC derivatives, with new central counterparties, clearing services, trading venues and reporting repositories. The Dodd-
It is therefore vital that any offering in this space is clearly and demonstrably able to respond to change. Whether you prefer “agile”, “flexible”, or “future-
We still do not know the final picture. The current uncertainty makes it imperative that any technology solution is rules based. Already our customers have implemented futureLANDSCAPE and dramatically improved time to market, across asset classes and business functions. Some current examples of challenges we help address would be:
At Message Automation we have used our expertise in messaging and validation of OTC derivatives to create futureLANDSCAPE. Fully rules based, this innovative solution allows a business to retain control of its trade flows, both internal and external. Routing decisions can be made according to detailed aspects of a trade's structure and changed without the need for code.
futureLANDSCAPE is not constrained by a specific business model. It is ideal where an organisation has a mixed model -
Orchestration of the industry's main service providers' message flows is also pre-
Much of futureLANDSCAPE’s immediate benefit comes from its pre-
Connections to new external third parties (custodians, brokers, counterparties, administrators) can be added with changes to rules only. futureLANDSCAPE is built using the standard messaging protocols for the OTC Derivatives industry, FpML and FIXML. This allows the introduction of new asset classes, product types, and third party connections without code.
The futureLANDSCAPE platform works across all asset classes to provide consistent rules based routing of trade information. Our sophisticated translation capability can be deployed to construct and de-
We make use of our patented director functionality to determine which trades are compliant with a variety of central services and external parties. futureLANDSCAPE allows definition of routing rules by asset class, product or sub-
All the routing of trade information both at inception and the subsequent handling of lifecycle events is rules based. Hence it can be rapidly adapted to changing market conventions and new business areas.
Please download the info sheet for an overview and a list of features and system requirements:
|Post Trade Control|
|Affirmation & Platform Connectivity|
|Inbound Clearing Reports|
|Trade & Transaction Reporting|
|Internal Trade Monitoring|
|MiFID II Reporting|
|SFTR/DF SEC/EMIR Revision|
|Getting Value from Trade Reporting Solutions|
|Dodd-Frank Trade Reporting|
|EMIR Trade Reporting|
|Canadian Trade Reporting|
|Asian Trade Reporting|
|Swiss Trade Reporting|
|South African Trade Reporting|
|Russian Trade Reporting|