More than 10 years after the publication of EMIR, the EU regulation on OTC derivatives, financial institutions continue to face significant challenges in achieving full compliance with its extensive requirements: · Despite the requirement in article 11.1 of EMIR to perform confirmations for uncleared derivatives through “electronic means”, approximately 50% of these confirmations …
Uncleared OTC derivatives pose a significant risk to capital markets, as they can result in substantial financial losses due to fraud, operational errors, and non-compliance with regulations. But which asset classes are we talking about here? Our research on Investment Banks reveals that most types of asset classes are impacted, but for different reasons: Equity …
Uncleared OTC derivatives carry a disproportionate amount of risk in capital markets, leading to significant financial losses due to fraud, operational errors, and non-compliance with regulations. At Fragmos Chain, we have developed a platform that combines CDM (Common Domain Model) and Corda DLT (Distributed Ledger Technology) to automate post-trade processes and create a shared and …
Reduce risks on OTC derivatives with Fragmos Chain’s CDM-native platform Read More »
London, UK – November 22, 2022 – Today Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution. The API-first integration, via FusionFabric.cloud, enables banks globally to digitalize their OTC derivatives products to reduce the costs and risks …
① To manage any kind of swap and any kind of event, we recently added 3 functionalities: Matching of events and cash-flows Complex features such as risk-free rates, cap/floors or non-deliverable currencies Basket underliers As the only ISDA CDM-native post-trade platform, we capitalize on CDM’s modularity to offer a broad variety of products. We are …
The scope of Fragmos Chain post-trade platform for OTC derivatives is extending Read More »
While new regulatory requirements enter into force in the coming months, ISDA Chief Executive Officer Scott O’Malia’s recent announcement shows that its Common Domain Model (CDM) is becoming central for financial firms in order to meet these requirements1. We believe this is just the prelude to an extensive overhaul of the management of OTC trades, …
Upcoming regulatory requirements pave the way for global OTC overhaul Read More »
Why OTC Derivatives? Our CEO, Daniel Ivanier, was invited by R3 to talk at the CordaCon 2021. Key highlights: Post-trade costs are huge for OTC derivatives: $400 per trade (compared to $2 for listed derivatives) Processes are complex These products are heavily regulated
At the Finance Innovation Webinar, “Open Innovation & Collaboration between businesses, software vendors and Fintechs”, held on June 30th, 2021, Laurence Arnold, Head of Innovation Management and Strategic Initiatives at AXA Investment Managers, answered to Daniel Ivanier. https://www.youtube.com/watch?v=DCW0CpzBMhI Laurence’s speech was in French, you will find below the English translation. “For an Asset Manager today, 3/4 …
AXA IM Laurence Arnold’s speech at 6/30/2021 Finance Innovation Webinar Read More »
Trading in off-exchange derivatives has long been the domain of specialist brokers – an intricate world of bespoke contracts, non-standard risk and valuation models, blighted by suboptimal settlement operations. However, a new breed of technology promises to deliver a unified process and accountability in stark contrast to the challenges of legacy processes, opening the asset …
Simplicity out of complexity – Bringing OTC Derivatives in from the cold Read More »
