Investment management operations continue to be confronted by evolving market structures and regulatory requirements that are placing new demands on operations departments. Although Canada has made significant strides in improving the efficiency of its markets, there are still gaps in operational processes, leaving some firms inadequately prepared for the coming onslaught of new regulations.
To identify how firms are responding, Stratix Consulting, an independent IT management consulting firm based in Canada, conducted a study of the issues, challenges, and emerging strategies within investment managers’ operations functions.
- Current status of investment manager preparedness in meeting Canadian regulatory trade matching mandate (NI 24-101)
- New regulatory requirements and industry initiatives, including Dodd-Frank and LEI (Legal Entity Identifier), and how they are impacting operations departments across the country
- Market structure changes such as dark liquidity, short sales and trading venue cost impacts (TCA)
- Movement of OTC instruments to exchanges and challenges around the new “mixed clearing” environment of centrally cleared and bilaterally cleared transactions
- Matthew Nelson - Executive Director, Strategy, Omgeo
- Robert Smythe - Principal Consultant, Stratix Consulting