Round Table Summary: Prime Brokerage, Margin, Collateral and Data
Offering valuable insight into the priorities and challenges facing prime brokers, broker dealers and clearers, this report is a summary of the discussion during the Margin, Collateral and Data Round Table, sponsored by TS Imagine on Thursday 25th March 2021.
A number of key areas are covered:
• Current environment
• Move to intraday margin
• Change of Margin Rules
• Other regulatory changes (Libor, UMR)
• Blockchain Initiatives (including collateral optimisation, HQLAx)
• Transition from high touch to digital client services • Data Streams vs Portals
• Data Management issues
The session was attended by 21 senior experts representing 17 institutions based across North America and EMEA.
Our most recent interns, Nicholas and Timur, both joined us from Imperial College London where they are going into the third year of their Mechanical and Aerospace Engineering degrees, respectively. They spent 11 weeks working with TS Imagine’s Professional Services team in London this summer under the supervision of myself and Simarjit Johal (Regional Team Lead).
Future historians will come to see 2022 as a year of extremes and one of the most consequential years for markets in a turbulent decade. Trading desks working across asset classes and around the world have been put to the test, navigating what would once have been described as once-in-a-generation market events.
The Dollar Milkshake Theory – Stress Testing the Potential Impact of a Sovereign Debt and Currency Crisis
Stress Tests play an important role in improving financial stability by enhancing market discipline and transparency. Here we consider the third example of these stresses based on current market conditions and show how the risk factors can be generated along with their relevant shock examples.