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Over-the-Counter Derivatives in the United States: Do OTC and STP Belong in the Same Sentence?Published by: TowerGroup Published: Nov. 26, 2007 - 6 Pages Table of Contents
AbstractThe massive growth in over-the-counter (OTC) derivatives has helped corporations manage risk, asset managers generate alpha, and broker-dealers earn revenues. Despite the growing importance of these products, the sell side's front, middle, and back offices are strained by the increasing volumes and complexities of the instruments. The impact of the lack of automation of OTC derivatives was especially apparent when volumes spiked as a result of the "credit crunch" in summer 2007. This TowerGroup ViewPoint explores OTC derivatives processing, provides an analysis of the current state of processing, and describes actions that broker-dealers should take to improve automation levels.Get Full Details About This Report >> |
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