Derivatives markets today are very different from the derivatives markets before the crisis. In response to regulatory changes instigated by the Group of 20 (G-20) nations in 2009, most derivatives trades are now reported to a repository, clearing is more common, and electronic execution is gaining momentum. These changes have had an impact on virtually all areas of the transaction process, from pre-trade execution to lifecycle management and reporting.
Market participants have worked hard and have been successful in meeting the various deadlines for compliance set by regulators. But in focusing on meeting the tight timelines, less attention has been given to achieving operational and technological efficiencies.
