SFTS: World of data becoming more complex
26 April 2018 London
Image: Shutterstock
The world of data is becoming more complex and demanding with the rise of automation and introduction of new regulation, according to panellists at the Securities Finance Technology Symposium in London.
In a session on data, panellists explained the substantial increase of data transactions, 31 percent over the last three years, has lead to an increase in demand.
One panellist said: “The securities finance industry and the quantity of transactions are enormous. It is getting broader, faster, deeper and more valuable. People are building up this data to become the best.”
He added that the expansion of data itself and the way in which people consume that data, noting that data is not new it’s digitalisation and the volume of it which has changed.
One panellist suggested that data also has a major impact on automation, while another explained that machines are consuming data, not people.
The panellist, who works for a technology provider, said that 90 percent of his company’s transactions are untouched by human hand and that can only be done by their systems.
It was also discussed how people are now only interested in specific parts of data and information, not the whole data sheet. One panellist explained that the speed of technology is allowing firms in the industry to do things they couldn’t do before.
The panel concluded that the introduction of the Securities Financing Transactions Regulation (SFTR) would alter the landscape, as firms will have to do a “huge amount of work around data”.
One panellist said: “What people are looking for now is not cost-benefit but return on investment. The thought process has changed.”
Another panellist added that data sits at the heart of SFTR implementation, with the next few years revealing the most complex and detailed market regime ever seen in Europe.
In a session on data, panellists explained the substantial increase of data transactions, 31 percent over the last three years, has lead to an increase in demand.
One panellist said: “The securities finance industry and the quantity of transactions are enormous. It is getting broader, faster, deeper and more valuable. People are building up this data to become the best.”
He added that the expansion of data itself and the way in which people consume that data, noting that data is not new it’s digitalisation and the volume of it which has changed.
One panellist suggested that data also has a major impact on automation, while another explained that machines are consuming data, not people.
The panellist, who works for a technology provider, said that 90 percent of his company’s transactions are untouched by human hand and that can only be done by their systems.
It was also discussed how people are now only interested in specific parts of data and information, not the whole data sheet. One panellist explained that the speed of technology is allowing firms in the industry to do things they couldn’t do before.
The panel concluded that the introduction of the Securities Financing Transactions Regulation (SFTR) would alter the landscape, as firms will have to do a “huge amount of work around data”.
One panellist said: “What people are looking for now is not cost-benefit but return on investment. The thought process has changed.”
Another panellist added that data sits at the heart of SFTR implementation, with the next few years revealing the most complex and detailed market regime ever seen in Europe.
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