The CFTC rewrite and DTCC re-architecture are amongst the few topics likely to cause a stir in the ranks of US swap dealers in the next 18 months.
Andrew Green, is a derivatives professional with 20 years’ experience across operations, finance, middle office and programme management.
Risk Focus, Inc. held its inaugural Validate.Trade User Group conference call on November 17, attended by representatives of 4 global banks and the DTCC.
Almost every software developer in an interview can tell you why testing is important, some might be able to explain what test-driven development is all about, but very few actually practice what they preach and almost none consistently have all test cases written before starting development.
With less than three months until the end of October deadline for the European Securities and Market Authority’s (ESMA’s) new level 2 derivatives trade reporting requirements, Risk Focus has been shopping around a solution to help firms measure their compliance to the new regulations. The product, Validate.Trade, represents the first of several planned commercial products from a company that has spent 14 years building customized risk and trade processing solutions.
It’s been a whirlwind first four months since I joined Risk Focus to run our software business. When I joined our only software product was Validate.Trade, which if you’ve seen the June 4 press release, is being adopted not only by 8 top Investment Banks, but by the DTCC itself for internal use.
“The Depository Trust & Clearing Corporation (DTCC) has selected Risk Focus’ Validate.Trade engine internally to help its Global Trade Repository (GTR) unit with pre-UAT testing regarding the October 2015 deadlines for ESMA Level 2 rules.”
Risk Focus is pleased to announce the release of our new FX validation rule package for our Trade Reporting Validator.
Risk Focus is pleased to announce the release of our new EMIR Level 1 validation rule package for the Trade Reporting Validator.