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.
HVaR, By Dr Lance Smith, Chief Strategy Officer, TS Imagine Historical VaR (HVaR) has become a standard measurement of risk, in which a current portfolio is subjected to the market conditions of a prior day and the resulting P&L is recorded. Read entire article here.
EMS integration automates historically manual processes, unlocking hard-to-find liquidity for the buyside community.
HVaR assumes that present market dynamics are captured in past behavior so what should we do when the world changes? Since Russia's invasion of Ukraine, commodity markets have entered new trading patterns and Lance Smith, TS Imagine Chief Strategy Officer explains some of the tools that can be used to help HVaR without disturbing other risk factors.