by Ed Blount | Jun 11, 2021 | All, Commentary, Cross-Post
Databases designed for specific purposes often fail when asked to solve a different problem. As an example, the securities finance databases of leading data providers such as FIS Astec, Datalend, and IHS Markit, designed more than 20 years ago for performance...
by Ed Blount | Mar 29, 2021 | All, Cross-Post
“Often, we get sales notifications in batch or overnight, meaning, in this new environment we’ll be getting sales notifications on the day of settlement.” Pressure is growing on industry and government to respond to 2021’s extreme stock market volatility....
by Ed Blount | Mar 17, 2021 | All, Cross-Post, Formal Regulatory Remedies
On February 4th, 2021, the Securities and Exchange Commission called for a “robust public discussion” about whether online brokers’ late January suspensions of retail trading should lead to changes in the market infrastructure. In the view of attorneys for the...
by Ed Blount | Mar 11, 2021 | All, Cross-Post, Formal Regulatory Remedies
The trading suspensions set by online brokers in late January 2021 reminded many industry veterans of the systemic circuit breakers that were first deployed during the Black Monday crash of October 1987. In both instances, a loose band of derivatives traders was...
by Ed Blount | Feb 19, 2021 | All, Traditions
By Ed Blount and Aaron Gerdeman (reprinted from 2005, emphasis added in June 2021)* Since 1980, the cash-based securities lending program has evolved to become the prevalent form of collateral management model in the United States. By 2005, U.S.-domiciled insurers,...
