Work Flow Management on Multiple Platforms for OTC Trade Post Trade Processing

In OTC trade life cycle management process, the economic trade details and trade status are exchanged with the counterparty, asset servicer, prime broker and now with OTC central clearing corporations multiple times. For each life cycle event processing specific changes, only relevant changes are communicated with the counter party. Firms are facing major challenges in building control procedures around work flow and communication process due to presence of multiple functional areas and processing platforms in the middle office and back office. This increases process duplication and the frequency of client communication and maintenance of the work flow status of each communication.

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About the author

Vinod Jain is a Business Specialist in the Derivatives Domain Consulting Group at Headstrong. He specializes in business process, change management and IT consulting for middle office and back office derivatives processing. He has worked extensively with buy side and sell side firms in Europe and US. He has done consulting for Bank of America Merrill Lynch, Credit Suisse, New York Stock Exchange, Bank of New York Mellon etc. He analysis the industry trends and events through research and thought papers.