e-Forex Magazine | Features | Developing new Back Office and clearing connectivity services for FX

Features : Developing new Back Office and clearing connectivity services for FX

First Published in e-Forex Magazine July 2011

Frances Maguire

Frances Maguire

Connection to CCPs, Swap Execution Facilities (SEFs) and Trade Repositories will add another layer to an already complex and sophisticated automated system, writes Frances Maguire.

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All aspects of the FX trade life cycle, pre-trade, trade and post-trade will be greatly impacted by the incoming regulations for OTC instruments and the systems in place to support this workflow, including telephone based trades, will need to be reviewed. Most importantly, credit risk systems will need to reflect changes in credit risk due to CCPs, while trade processing systems will need to be enhanced and configured to include OTC instruments for the newly established Trade Repositories.

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