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Andy Mahoney head of sales EMEA, FlexTrade
Over the last few years, we’ve
seen the beginning of a trading
desktop revolution, where an
open architecture approach is
now finally being embraced,
offering traders a seamless
workflow experience across
applications. At the same time,
we’ve seen an explosion in
the amount of data a trading
system needs to ingest and
analyse, with fast, secure
integration options now being
provided through the likes
of OpenFin and Symphony.
2020 will see the dawn of the
augmented desktop, where
smart data and desktop
interoperability meet with
a focus on where trader and
As we head into 2020, collaboration
remains the focal point in order to
accelerate innovation and solve real
business challenges across the capital
markets industry. Enabling individuals at
the grassroots level to drive innovation,
coupled with promoting the role of
FinTech champions and heads of
innovation at larger institutions, as well
as creating structures and standards that
support open and collaborative ways of
working, will bring about a sustainable
culture of innovation across finance
services. In the current political climate,
collaboration to drive innovation and
economic growth as well as maintain
London’s position as a
global FinTech hub, can
only be a good thing.
Adam Toms
CEO, OpenFin Europe
64 // TheTrade // Winter 2019
technology
meet. The
augmented
desktop creates a seamless
workflow experience for
traders, where data is
presented intuitively, with
machine learning-driven next
actions, consistently across all
applications.
Len Delicaet
head of regulatory
reporting strategy, MarketAxess
The laser-like focus on granular data issues
was laid bare in two FCA MarketWatch
industry newsletters, two public MiFID I
enforcement cases, and ESMA’s review of EMIR
supervision by six NCAs with a best-practice
recommendations section reading like it could
be applied across the board to any regulatory
report. Firms who take note of these messages
will set to work to investigate, escalate and
correct any instances within their estate. And
this is precisely why NCAs communicate this
learning. In addition, in 2020, two ‘high-
er-level’ frameworks add further challenge to
regulatory obligation management: SMCR
and Operational Resilience. As a metaphor,
SMCR reads: if a tree falls in your reg forest,
did the relevant senior manager hear it?
Operational Resilience is more serious, as
it progresses from consultation phase to
eventually becoming regulation it could
demand that a firm’s reporting function
takes ownership to ensure they are not im-
pacted by change management
failures, third party-failures and
software/application failures
from harming data quality.