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By Diana CUTOLO, Business Line Manager Funds Securities Services, and Nelson DOSSOGNE, consultant Funds Securities Services, both part of Initio, niche player in business consulting for the Financial sector
In the early stage of stock exchanges, trading was a very straightforward process without any intermediaries involved. An investor was selling its asset of value and directly received a payment in return. However, over the time, the financial industry has continuously evolved toward a more complex model where an increasing number of parties are now involved in each transaction. This increase in complexity had a huge impact in term of cost, timeliness and regulatory requirements to process transactions.
On the other hand, a new...
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