UX re-design for RBSMarketplace SDP

It’s great to see another Tier1 bank overhaul their Single Dealer Platform (SDP). This time it’s RBS, who have redesigned their highly successful RBSMarketplace platform, which is powered by Caplin Technology.

You can see video overviews here.

The app (which I think is Java WebStart), consists of a suite of ‘montages’, or ‘themes’ accessed via a central ‘toolbar ribbon’, designed to make access faster, easier and more initiative for users across the entire trade life-cycle.

In Empowering users with ‘app based’ SDP, I discussed how banks are embracing UX design to create a more ‘user centric design experience’, with the user and their workflow needs at the centre of the SDP.

It’s also great to see RBS is among the growing number of leading banks that are developing their own in-house UX competence, which is a theme I covered recently in Top banks hiring UX designers for Single-Dealer Platform projects

FXWeek Best Bank awards – some thoughts

FXWeek today released the results of their 2011 FX Week Best Bank Awards (password required).

Summary of top 11 FXWeek ranking contrasted with the EuroMoney FX Poll ranking here.

It’s almost no longer a surprise to see the ‘Mighty’ Deutsche Bank retaining poll position. But of course, we know it takes huge committment, focus and deep expertise and understanding of the complexities of FX Continue reading

Banks pin hope on platforms…

Despite what some people say, I think there’s room for both single-dealer platforms and multi-dealer platforms (as well as other venues) in a Dodd Frank, SEF- compliant world.

Apparently Citigroup and UBS do too. In today’s Financial News article Banks pin hope on platforms, David Field, an e-Commerce expert at Rule Financial is quoted in the article as saying:

The race now for banks is launch or enhance their single dealer platform and get as many customers onto it as possible to retain the relationship; the challenge is giving customers a reason to do so.

Read on for more information:


Systemic Risk Survey, by BofE – depressing

The Bank of England has just released results of their biannual Systemic Risk Survey, conducted only last month, from a sample of 68 buy and sell side market participants.

The biggest risks to the UK Financial System cited by most respondents were:

Sovereign Risk (76%)
Risk of economic downturn (76%)
Funding Risk (57%)
Risks around regulation/taxes (38%)
Risk of financial institution failure/distress (26%)

As you can see from the chart, it’s depressing.

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The BRIC economies a decade on by Jim O’Neill (a new world order)

Whilst we watch the continued implosion of the grand European experiment, the new world BRIC order continues to grow apace.

In a fascinating extract from his new book, Jim O’Neill (Chairman of Goldman Sachs Asset Management), paints a picture of the new world order, driven by continued growth from the BRIC economies (Brazil, Russia, India and China).

The aggregate GDP of the BRIC countries has close to quadrupled since 2001, from around $3 trillion to between $11 trillion and $12 trillion.

The world economy has doubled in size since 2001, and a third of that growth has come from the BRICs. Their Continue reading

Empowering users with ‘app based’ single-dealer platforms

In September, we covered Deutsche Bank’s new Autobahn ‘App market’, and how they are striving to make the complex simple.

The ‘app’ concept seems to be developing as a theme, and is covered more in an interesting article in today’s Financial News, (password required).

Some good comments from Serge Marston of Deutsche Bank and Thom Soede of BNP.

Serge Marston, Deutsche Bank

We’re bringing the entire weight of our intellectual property to Autobahn with the App Market, around the entire life cycle of a trade. Pre-trade services are where the next big battleground will be, with a focus on how we can differentiate ourselves from the other marketmakers

Tom Soede, BNP Continue reading

ISDA analysis on COSTS vs benefit of Mandatory Electronic Execution for OTC Derivs

ISDA has released an excellent in-depth discussion and analysis of the impact of electronic execution requirements on over-the-counter (OTC) derivatives markets that were mandated by the Dodd-Frank Act (DFA).

Effect on Bid-Ask Spreads: ISDA surveyed large number of buyside firms, and here is summary of expected changes to bid-ask spread, no surprises that they all widen (page 23).

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