Apr 8, 2021 · 32 min · 11 segments
Technological innovation could transform derivatives markets, but how do you identify technologies with true potential, and what parts of the trade lifecycle are most in need of a tech upgrade?…
Mark BeestonGuest
Scott O'MaliaHost
Nick SawyerHost
Scott, you talked about some of the areas where technology can make a difference.
And some of those that were discussed are established part of the markets, or the derivatives markets in particular.
What's your view on that? Which parts of the derivatives markets do you think are most in need of automation and digitization? I think a lot of them, actually.
There are a lot of problems to solve because when the innovation came in or when the regulations came in, innovation followed largely to provide consistency, uniformity, accuracy in reporting, compliance with new infrastructures in between.
And ISDA has been a key part in supplying kind of common solutions, whether it's going to be the common domain model, which establishes that digital representation of the trade, which everybody can use in a common format to code and digitize processes.
And we're even going in, and this is really exciting and we'll be releasing this soon is the interest rate definitions.
The definitions are part of every trade and making sure that you can digitize the definitions or use those in a digital format will really help the life cycle of the trade as well.
So it is that we kind of look at all aspects of the product The platform it could be on and then how we're going to deliver that to make sure that we keep pace with the market, provide common solutions that everybody can use, and then let the innovators take over from there.
So it's a really good relationship between broad industry standards and then being able to hand it off to technology firms like the ones that Mark invests in.
Scott, you talked about some of the areas where technology can make a difference.
And some of those that were discussed are established part of the markets, or the derivatives markets in particular.
What's your view on that? Which parts of the derivatives markets do you think are most in need of automation and digitization? I think a lot of them, actually.
There are a lot of problems to solve because when the innovation came in or when the regulations came in, innovation followed largely to provide consistency, uniformity, accuracy in reporting, compliance with new infrastructures in between.
And ISDA has been a key part in supplying kind of common solutions, whether it's going to be the common domain model, which establishes that digital representation of the trade, which everybody can use in a common format to code and digitize processes.
And we're even going in, and this is really exciting and we'll be releasing this soon is the interest rate definitions.
The definitions are part of every trade and making sure that you can digitize the definitions or use those in a digital format will really help the life cycle of the trade as well.
So it is that we kind of look at all aspects of the product The platform it could be on and then how we're going to deliver that to make sure that we keep pace with the market, provide common solutions that everybody can use, and then let the innovators take over from there.
So it's a really good relationship between broad industry standards and then being able to hand it off to technology firms like the ones that Mark invests in.
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