Paul Blank and I spent yesterday afternoon in the comfortable surroundings of the BT Centre auditorium in Newgate Street at the inaugural meeting of the Clearing and Settlement Working Group (CAS-WG).
Conceived by Chris Skinner of the Financial Services Club, Chris Pickles of BT and the directors of the Realization Group, this is an attempt to start something similar to the successful MiFID joint working group but for clearing and settlement. We went along, not because we thought we had anything to contribute, but believing we could learn something about what happens after someone clicks a “buy” or “sell” button on one of our clients’ single-dealer platforms.
UPDATE: A detailed write-up of the meeting, with photographs, is now available on the Financial Services Club blog.
Dealing with the regulatory fire-hose Continue reading
Filed under: Dodd Frank, Mike Hill, OTC, OTF, Regulation, Web trading technology | Tagged: CAS-WG, Dodd Frank, OTC, regulation, SEFs | 1 Comment »
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