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The current climate of economic restraint and increased regulatory oversight provides a unique opportunity for capital market participants to achieve a step-change in IT efficiency by significantly increasing the use of common technical standards within the industry. Such standards allow the creation of an ecosystem of service providers that provide competing solutions for commoditized business domains, thereby allowing capital markets participants to focus their internal technology strategies and spend on their unique business propositions.

As a trusted partner to the majority of the world’s leading investment banks, Etrading Software is uniquely placed to facilitate the development of such market standards, by promoting change through existing standards bodies wherever possible, or through the creation of informal groups of participants that wish to collaborate together.  Across the capital market space we are now seeing the rise of utilities – not-for-profit organizations that offer services for common, non-competitive areas of market activity.

Etrading Software has three key considerations when driving collaborative initiatives:

  1. Identifying and communicating clear business benefits for participants: It is important that these are not only understood at the outset but also delivered.
  2. A focus on adoption: If stakeholders need to adopt a new technical standard to achieve a better environment, it is important that any concerns with using new technology are addressed early and that their involvement with the design is continuous throughout the programme.
  3. Industry ownership: Etrading Software is keen to ensure that what is created is maintained and built upon. To that end, what the industry adopts is handed over to the industry. Much of the work Etrading Software has done to date is now in the hands of standards bodies such as the FIX Trading Community and FpML
16 May 2017
Grant Wilson announces full coverage of the top FI dealers: BAML joins Neptune
6 April 2017
Grant Wilson announces the connection of FlexTrade to Neptune.
3 April 2017
Sassan Danesh discusses the launch of the Derivatives Service Bureau UAT platform.
29 March 2017
Sentinel Consortium on track to meet MiFID II deadlines.
6 July 2016

Project Sentinel is a multi-phase project currently being run by ETS on behalf of a number of large regional banks.  It is focused on understanding the obligations placed on the banks by MiFID II - by mutualising the analysis the participants not...

1 July 2015

Triggered by regulatory rules from the SEC & ESMA, Etrading Software launched a project under ISDA’s guidance to address a long outstanding issue surrounding global product identifiers for derivatives.

1 October 2014

After considerable research, Etrading Software launched Project Neptune as a consortium of both sell-side and buy-side to address the issue of pre-trade data.  The sell-side were spending money creating custom datasets for each of their clients,...

6 January 2014
The Trading Enablement Standardisation Initiative (TESI) is another example of a collaboration initiative launched by the investment banking community and Etrading Software to promote an open standard for the enablement, permissioning or...