Heering Ligthart Honorary President ACI-The Financial Markets Association.Fortis Bank NV-SA, Merchant/Institutional Banking
Heering Ligthart Honorary President ACI-The Financial Markets Association.Fortis Bank NV-SA, Merchant/Institutional Banking

Cyber Trading – A real challenge!

With his term as ACI President now over, Heering Ligthart sets out his views on what issues and problems cyber trading is likely to be facing over the next few years

First Published: e-Forex Magazine 15 / Foreword / July, 2004

Looking back 10 years over the evolution of trading systems, not more, because looking back for more than 10 years feels like going back to the Middle Ages, it seems that nobody could really foresee or predict what the actual impact on trading would be. Not only has the trading environment changed completely but the most dramatic impact can be seen in the area of back and middle office operations.Cyber technology makes it possible to integrate and streamline all back-office functions much easier than in the past. In particular, the risk management function in banks operating in more than one centre can be totally centralised, realising the dream of being able to monitor and report all risks related to trading by pressing one button.This relates to trading positions, liquidity management, counterparty risk, country risk, real time mark to market etc etc.This technology allows institutions not only to do as set out above but also to use the benefits – by being able to lay-off staff and cut costs...continued

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