Derivatives are complex …
The rapidly changing regulatory and technology landscape is transforming financial markets. Adapting to these new market conditions is vital. Dodd-Frank and EMIR are the new realities with electronic trading, mandatory clearing and trade reporting significantly affecting derivatives operations and workflow. Sell-side firms must accurately reflect all market, credit and liquidity risks in their pricing and risk management calculations. Increased capital requirements dictated by Basel III provide additional pressures on profitability.