CityIQ a leading advisor to the securities industry’s premier organisations today announced the results of its recent survey of the derivatives marketplace.
The survey, which was carried out in association with Northern Trust, a leading provider of investment management, asset and fund administration, fiduciary and banking solutions, reveals:
Despite the recent set backs in the market the increase in derivatives transaction volumes looks set to continue and at a similar rate.
However the majority of the organisations surveyed admitted they were concerned or significantly concerned about a variety of operational risks and issues including:
• Adequacy of systems
• Cost and availability of specialist technology, resources and data
• Sourcing of data
• Growth in volumes
“Most of our respondents recognise the value of derivatives processing as a means of controlling risk and so for them it is a question of carrying on doing what they have been doing” said Paul Wiltshire, managing director of CityIQ. “However derivatives processing has its own set of unique risks and issues and dealing with these can be a challenge as the survey results make clear”.
Commenting on the survey, Mark Schoen, Northern Trust’s head of Product Development and Strategy for the EMEA region, added: “This survey is the first of its kind. We are always looking at ways to share industry insight with our clients and give them the inside track on market issues. Given our clients ongoing use of derivatives we were delighted to partner with CityIQ on this project".
The results will be presented at an afternoon briefing on 19th March in London. Contact CityIQ for details of the event or to reserve a copy of the report.
