Credit derivatives and OTC derivatives markets are operating with outdated and inefficient, paper-based systems to their detriment, Financial News reports.
These manual systems use both valuable human and capital resources, expose operational risks and diminish safe qualities; consequently the repo market is ignoring the enormous potential of automated systems and the obvious benefits that would drive major efficiencies.
The market is simply too big now to ignore it and with organisations such as Goldman Sachs, JPMorgan and Credit Suisse successfully adopting leading systems like Trax2, it would be advised to look into the benefits before Regulators force the issue.