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Enhancing Financial Services: Insights from Treasury and Securities Operations

This presentation by Joe Leinhauser in March 2006 covers critical aspects of IT in financial services post-trade execution. Key topics include internal systems for trade capture and risk management, communication with clients, and the role of software developers and data providers like Bloomberg and Reuters. It highlights the influence of industry drivers, such as regulatory changes and market consolidation, and the importance of organizations like SWIFT in facilitating secure financial messaging. A comprehensive Q&A session follows to address specific industry concerns.

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Enhancing Financial Services: Insights from Treasury and Securities Operations

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Presentation Transcript

  1. TREASURY & SECURITIES SERVICES March 2006 IT For Financial Services Joe Leinhauser

  2. Agenda • Introduction • After the Trade is Made • Who is Behind the Curtain • Industry Drivers Impacting IT • Q&A

  3. AFTER THE TRADE IS MADE • Internal Systems Front Office trade capture and risk management systems Securities Processing and control applications Reporting (e.g., client, regulatory) Financial (e.g., P&L, General Ledger) • Interfaces with external entities Exchanges (e.g., NYSE, NASDAQ, LSE) Clearing houses (e.g., DTCC, CREST, EuroClear) Commercial Banks (e.g., Custodians, Transfer Agent) • Communication with Clients Confirmations Settlements instructions (cash, securities)

  4. WHO IS BEHIND THE CURTAIN • Software developers/vendors Developers of custom code for client-driven requirements (e.g., IBM, Cognizant) Providers of “packaged” or semi-custom software (e.g., Sungard, MKI-Frustum) • Data Providers Bloomberg Reuters • Securities Operations Depositories Custodians Transfer Agents • Communication Facilitators SWIFT FIX

  5. SWIFT • SWIFT is the financial industry-owned co-operative supplying secure, standardized messaging services and interface software to 7,800 financial institutions in more than 200 countries. • SWIFT's worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade. • SWIFT Mission • Work in partnership with its members to provide low-cost, competitive financial processing and communications services of the highest security and reliability. • Contribute significantly to the commercial success of its members through greater automation of the end-to-end financial transaction process, based on its leading expertise in message processing and financial standards setting • Capitalise on its position as an international open forum for the world’s financial institutions to address industry-level threats, issues and opportunities

  6. INDUSTRY DRIVERS IMPACTING IT • Past • Y2k • European Union • Mergers • Present • Exchange consolidation • SOX • Mergers • STP • Risk Management • Future • T+1 • Regulatory Harmonization • Non-standard competitors • Mergers • STP • Risk Management

  7. Q&A

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